Mr. Ronald Netolitzky reports
MAS GOLD CORP. ANNOUNCES CLOSING OF RIGHTS OFFERING
MAS Gold Corp. has closed its previously announced rights offering for aggregate gross proceeds of $1,796,806.74.
The net proceeds of the rights offering will be used for general corporate purposes, including the repayment of indebtedness incurred conducting exploration programs, preparing the National Instrument 43-101-compliant "Technical Report on the 2023 Mineral Resource Update for the Preview SW Project, La Ronge Gold Belt, Saskatchewan, Canada," paying claims maintenance fees and general corporate expenditures.
The company received 141,486,698 initial subscriptions pursuant to the basic subscription privilege, and 38,193,976 additional subscriptions pursuant to the additional subscription privilege.
The rights offering remains subject to the final acceptance of the TSX Venture Exchange.
About MAS Gold Corp.
MAS Gold is a Canadian mineral exploration company focused on advancing its gold exploration projects in the prospective La Ronge gold belt of Saskatchewan. MAS Gold is exploring on four properties in the belt, including the Preview-North, Greywacke Lake, Elizabeth Lake and Henry Lake properties totalling 35,175.6 hectares (86,920.8 acres). These properties extend along the geologically prospective La Ronge, Kisseynew and Glennie domains that make up the La Ronge gold belt in north-central Saskatchewan.
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