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Lode Gold Resources Inc
Symbol LOD
Shares Issued 278,334,579
Close 2024-03-05 C$ 0.03
Market Cap C$ 8,350,037
Recent Sedar Documents

Lode Gold 56,916,100-unit private placement

2024-03-05 22:20 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Jan. 3, 2024.

First tranche

Number of shares:  56,916,100 units

Purchase price:  2.5 cents per unit

Warrants:  56,916,100 share purchase warrants to purchase 56,916,100 shares

Warrant exercise price:  five cents for a two-year period

Number of placees:  22 placees

Total existing insider involvement:  44,516,100 (nine insiders)

Total pro group involvement:  one million (one pro group)

Finder's fee:  $6,800 cash and 272,000 warrants

Finder's warrant terms:  Each finder's warrant entitles the holder to purchase one common share at the price of five cents for a period of two years from the date of issuance.

The company issued a news release on March 5, 2024, confirming closing of the private placement. Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

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