Canada- and Alaska-focused NexGold has announced a C$10-million bought-deal private placement financing to advance its mineral properties.
The company, which owns the Goliath gold project in Ontario and the Goldboro project in Nova Scotia, also holds several other projects throughout Canada. It also has the high-grade Niblack copper/gold/zinc/silver project, adjacent to tidewater in south-eastern Alaska.
NexGold has entered into an agreement with National Bank Financial, acting as sole bookrunner on behalf of a syndicate of underwriters. The underwriters have agreed to purchase 13 889 000 units of the company at C$0.72 a unit.
Each unit will comprise one common share and one common share purchase warrant. Each warrant will be exercisable to acquire one additional common share for a period of 36 months at an exercise price of C$1.05 from the closing date. 