Providence Gold Mines Extends Private Placement to Fund Exploration

Providence Gold Mines Inc ( (TSE:PHD) ) has provided an update.

Providence Gold Mines Inc. has announced an extension of its private placement until April 30, 2025, aiming to raise up to $1,800,000 CAD through the issuance of 36,000,000 units. Each unit consists of one common share and a warrant, exercisable at $0.09 for two years. The proceeds will fund the evaluation of a new gold surface discovery and a significant drilling program targeting historical shafts and promising geological structures. This initiative is expected to enhance the company’s exploration efforts and potentially uncover robust gold targets, thereby strengthening its position in the gold mining sector.

More about Providence Gold Mines Inc

Providence Gold Mines Inc. operates in the mining industry, focusing on gold exploration and development. The company is involved in identifying and extracting gold resources, with a particular emphasis on historical mining sites and new gold discoveries.

YTD Price Performance: 76.67%

Average Trading Volume: 74,307

Technical Sentiment Signal: Sell

Current Market Cap: C$3.28M

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