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Prosper Gold Corp. Closes Private Placement to Fund Exploration at Cyprus Project

Jul 25, 2024•almost 2 years ago

Contract Type

partnership

VancouverMining

Description

Prosper Gold Corp. has closed a private placement of 3,875,000 flow-through units at a price of $0.12 per unit, resulting in aggregate gross proceeds of $465,000. The net proceeds from the financing will be used to fund exploration activities at the Company’s Cyprus Project. The private placement constitutes a related party transaction and is exempt from certain formal valuation and minority shareholder approval requirements.

Company Information

Company

Prosper Gold Corp

Location

Vancouver, Washington, United States

About

Prosper Gold Corp is modelled after our previous Company, Richfield Ventures. The right type of projects at the right time in an improving gold market. Currently focused on its flagship Golden Sidewalk Project. The 16,400-hectare Golden Sidewalk project is in the western Birch-Uchi Greenstone Belt, approximately 60 km east of Red Lake, Ontario. The vehicle-accessible project straddles 12 kilometres of the Balmer Assemblage – Narrow Lake Assemblage unconformity, a regional-scale feature that has been the Red Lake exploration guide, but which has seen limited exploration in the project area.

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
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