Mr. Joseph Ovsenek reports
P2 GOLD UPSIZES FLOW-THROUGH FINANCING
P2 Gold Inc. intends to increase the size of its previously announced non-brokered private placement of flow-through shares from up to one million flow-through common shares to up to 2.5 million flow-through common shares in the capital of the company that qualify as flow-through shares for purposes of the Income Tax Act (Canada) at a price of 50 cents per common share for gross proceeds of up to $1.25-million.
The gross proceeds of the private placement will be used to finance exploration expenditures on the BAM property and for other Canadian exploration expenses that will qualify as flow-through mining expenditures as defined in Subsection 127(9) of the Income Tax Act (Canada), and B.C. flow-through mining expenditures as defined in the Income Tax Act (British Columbia).
The private placement will close on completion of documentation and is conditional upon receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. The private placement will be offered to accredited investors in all provinces of Canada pursuant to applicable securities laws. In connection with the private placement, the company may pay finders' fees as permitted by the policies of the exchange. All securities issued pursuant to the private placement will be subject to a four-month hold period.
About P2 Gold Inc.
P2 is a mineral exploration and development company focused on advancing precious metals and copper discoveries and acquisitions in the western United States and British Columbia.
We seek Safe Harbor.
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