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Providence Gold Mines Inc
Symbol PHD
Shares Issued 39,725,004
Close 2020-07-09 C$ 0.095
Recent Sedar Documents

Providence Gold increases financing to $800,000

2020-07-10 10:29 ET - News Release

Mr. Ronald Coombes reports

PROVIDENCE GOLD MINES INC. INCREASES PRIVATE PLACEMENT

Further to Providence Gold Mines Inc.'s news release of June 29, wherein the company had closed a first tranche of the private placement, the company has applied for an extension to accommodate investors who were unable to complete their subscriptions because of delays caused by COVID-19. Due to significant interest, the company has increased the NBPP from $500,000 to $800,000.

Program update

The company is currently seeking bids (locally near the town of Sonora, Calif.) to grid auger drill the stockpile of historically milled material to further determine the volume of milled material which reportedly produced 225,000 ounces of gold until it was shut down due to a dispute in 1916.

The protocol is to assay at two-metre intervals and, once results are substantiated, then to bulk sample the material to determine the best recovery methods.

Qualified person

Brian Ray, master of science, professional geoscientist, head of exploration and a qualified person (as defined under National Instrument 43-101), has read and approved the technical information contained in this news release.

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