Steppe Gold C$9 Million Announces Private Placement www.juniorminingnetwork.com
Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) ("Steppe Gold" or the "Company"), is pleased to announce a non-brokered private placement of approximately $9,000,000 (the "Private Placement"), through the sale of common shares of the Company (the "Common Shares") at a price of $1.10 per Common Share.
The proceeds of the Private Placement will be used to accelerate the Phase 2 Expansion currently underway, to fund ongoing exploration as well as to support the announced plans to pursue a dual listing on the Hong Kong Stock Exchange.
The Private Placement is anticipated to close on or about May 2, 2023, or such later date as the Company may determine. The closing is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the Toronto Stock Exchange (TSX). The securities issued in connection with the Private Placement will be subject to a hold period of four months plus a day from the date of issuance pursuant to applicable securities laws.
Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) is Mongolia's premier precious metals company.
Published Date:2023-04-10