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Element79 Gold plans private placement to raise C$1M for exploration and working capital.

Company Fundamentals
12 Jun 2026
TheNewswire
View Source
Bullish
pluang ai news

Element79 Gold Corp. announced a non-brokered private placement to raise up to C$1,000,000 by issuing 55,555,556 units at C$0.018 each. Each unit includes one common share and one warrant exercisable at C$0.05 for 24 months, with an acceleration clause if the share price hits C$0.10 for 10 consecutive days. The funds will be used for general working capital, ongoing exploration, and project advancement. The placement is subject to regulatory approval and includes potential finders' fees and warrants for intermediaries.

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