DGAP-News Gungnir Resources Inc.: Gungnir Upsizes Previously Announced Financing and Closes Strategic Investment by Palisades Goldcorp Ltd
DGAP-News: Gungnir Resources Inc. / Key word(s): Miscellaneous
Gungnir Upsizes Previously Announced Financing and Closes Strategic Investment by Palisades Goldcorp Ltd.
In addition, the Company is pleased to announce that it has closed the first tranche with a lead order from Palisades Goldcorp Ltd of the Offering for gross proceeds of $400,000 from the sale of 6,666,667 Units (the "First Tranche").
The net proceeds of the Offering will be used to continue the exploration program, inclusive of drilling, at the Company's 100% owned projects in Sweden, concentrating on the Knaften Gold zone and our two nickel resources, Rormyrberget and Lappvattnet.
The Offering is expected to close on or about September 30, 2020 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange and the applicable securities regulatory authorities. All securities issued under the Offering are subject to a hold period expiring four months and one day from the issue date.