Gold mining company P2 Gold completes the initial phase of its financing round.
P2 Gold Inc. Closes First Tranche of Private Placement
P2 Gold Inc. is pleased to announce that it has successfully closed the first watch menu of a non-brokered private placement. The first watch menu raised $5,993,100.
Each unit consists of one common share and one common share purchase warrant. The warrants entitle the holder to purchase one additional common share at an exercise price of $0.30 for a period of two years.
Insiders of the company subscribed for 500,000 units of the first national bank. Finders' fees were paid in connection with the first watch.
The private placement can raise up to $11,000,000 in total. The proceeds of the offering will be used for information and development expenditures at the Gabbs Project in Nevada and for general corporate purposes.
The press release contains forward-looking information within the meaning of applicable securities laws. Forward-looking information includes the Company's expectations, strategies, and plans for exploration properties, the Offering, and the issuance of securities pursuant to the Offering. However, investors should not place undue reliance on forward-looking information as the actual plans, intentions, activities, results, performance, or achievements of the Company may be materially different from any future plans, intentions, activities, results, performance, or achievements expressed or implied by such forward-looking information.
The Company cautions that there can be no assurance that forward-looking information will prove to be accurate. The Company does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.
It is important to note that the risks associated with mineral exploration and development may cause actual results and timing of exploration and development to be different from those expected by management. The Company does not assume any obligation to update or revise any forward-looking information, whether as a result of new information, future events, or any other reason, other than as required by applicable securities laws.
The issuance of units to insiders is considered a related party transaction. The Exchange or its Regulation Services Provider does not accept responsibility for the adequacy or accuracy of this release.
The search results do not provide specific information about which bank was involved in the financing of P2 Gold Inc.'s activities.
The private placement was announced on September 3, 2025 and September 15, 2025.
Investors are encouraged to consult the Company's filings with Canadian securities regulators, available on SEDAR at www.sedar.com, for additional information on the Company and its activities.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
