sur Relevant Gold Corp. (isin : CA75941G1081)
Relevant Gold Secures Strategic Investment from Kinross Gold
Relevant Gold Corp. (TSXV:RGC)(OTCQB:RGCCF) has finalized a non-brokered private placement for 5,100,000 Units totaling $1,530,000 with Kinross Gold Corporation (NYSE:KGC)(TSX:K). This placement completes all pending financings, bringing the total to 10,881,300 Units and gross proceeds of $2,975,325, surpassing the initial target of $2,500,000.
Each Unit comprises one common share and a half warrant, exercisable at $0.35 per share within 24 months. The proceeds will fund exploration in Wyoming, USA, and general working capital.
CEO Rob Bergmann commented, "We are pleased with Kinross's investment, affirming our belief in Wyoming's potential. We anticipate significant gold discoveries as we develop this emerging jurisdiction."
Kinross now holds approximately 9.9% of the Company's shares on a partially diluted basis. The companies have agreed on Kinross's pro-rata participation in future financings and a technical advisory committee with members from both companies.
R. E.
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