Cabral Gold Announces $3M Private Placement Financing
Cabral Gold (TSXV: CBR) (OTC Pink: CBGZF) announces a non-brokered private placement to raise up to $3 million through the issuance of 10 million units at $0.30 per unit. Each unit includes one common share and half a warrant, with each full warrant exercisable at $0.45 for two years. The company may pay finder's fees up to 6% of gross proceeds. Funds will be used for general corporate purposes and to complete drilling and detailed engineering following a recent pre-feasibility study on a starter operation targeting weathered gold-in-oxide material at the Cuiú Cuiú gold district.
Cabral Gold (TSXV: CBR) (OTC Pink: CBGZF) annuncia un collocamento privato non intermediato per raccogliere fino a 3 milioni di dollari attraverso l'emissione di 10 milioni di unità al prezzo di 0,30 dollari per unità. Ogni unità include una azione comune e mezzo warrant, con ogni warrant completo esercitabile a 0,45 dollari per due anni. L'azienda potrebbe pagare una commissione per i procacciatori fino al 6% dei proventi lordi. I fondi saranno utilizzati per scopi aziendali generali e per completare perforazioni e ingegneria dettagliata a seguito di un recente studio di pre-fattibilità su un'operazione iniziale mirata a materiale aurifero ossidato nel distretto aurifero di Cuiú Cuiú.
Cabral Gold (TSXV: CBR) (OTC Pink: CBGZF) anuncia una colocación privada no mediada para recaudar hasta 3 millones de dólares a través de la emisión de 10 millones de unidades a 0,30 dólares por unidad. Cada unidad incluye una acción común y medio warrant, siendo cada warrant completo ejercitable a 0,45 dólares durante dos años. La empresa puede pagar comisiones de buscadores de hasta el 6% de los ingresos brutos. Los fondos se utilizarán para fines corporativos generales y para completar perforaciones e ingeniería detallada tras un reciente estudio de prefactibilidad sobre una operación inicial orientada a material aurífero oxidado en el distrito de oro de Cuiú Cuiú.
Cabral Gold (TSXV: CBR) (OTC Pink: CBGZF)는 300만 달러까지 모금을 위해 1천만 개의 유닛을 개당 0.30달러에 발행하는 비중개 사모유치를 발표했습니다. 각 유닛은 하나의 보통주와 절반의 워런트로 구성되어 있으며, 각 전체 워런트는 0.45달러로 2년 간 행사할 수 있습니다. 회사는 총 수익의 최대 6%에 해당하는 중개 수수료를 지급할 수 있습니다. 자금은 일반 기업 용도와 최근의 예비 타당성 조사에 따른 드릴링 및 상세 엔지니어링 완료에 사용될 것입니다. 이 초기 작전은 Cuiú Cuiú 금광 지역의 날씨에 영향을 받은 산화 금 자원을 목표로 하고 있습니다.
Cabral Gold (TSXV: CBR) (OTC Pink: CBGZF) annonce un placement privé non intermédié pour lever jusqu'à 3 millions de dollars par l'émission de 10 millions d'unités au prix de 0,30 dollar par unité. Chaque unité comprend une action ordinaire et un demi-warrant, chaque warrant entier pouvant être exercé à 0,45 dollar pendant deux ans. L'entreprise peut verser des commissions de recherche allant jusqu'à 6 % des produits bruts. Les fonds seront utilisés à des fins générales d'entreprise et pour compléter le forage et l'ingénierie détaillée suite à une récente étude de préfaisabilité sur une opération de démarrage ciblant des matériaux aurifères oxydés dans le district aurifère de Cuiú Cuiú.
Cabral Gold (TSXV: CBR) (OTC Pink: CBGZF) kündigt eine nicht vermittelte Privatplatzierung an, um bis zu 3 Millionen Dollar durch die Ausgabe von 10 Millionen Einheiten zu einem Preis von 0,30 Dollar pro Einheit zu sammeln. Jede Einheit umfasst eine Stammaktie und einen halben Warrant, wobei jeder volle Warrant für zwei Jahre zu 0,45 Dollar ausgeübt werden kann. Das Unternehmen kann Vermittlungsgebühren von bis zu 6% der Bruttoerlöse zahlen. Die Mittel werden für allgemeine Unternehmenszwecke und zur Durchführung von Bohrungen sowie detaillierter Ingenieurarbeiten verwendet, die auf einer kürzlich durchgeführten Machbarkeitsstudie für einen Startbetrieb abzielen, der auf verwittertes goldhaltiges Oxidmaterial im Goldbezirk Cuiú Cuiú abzielt.
- Secured potential funding of $3 million through private placement
- Additional funding potential through warrant exercise at $0.45 per share
- Proceeds will support drilling and engineering activities post pre-feasibility study
- Potential dilution for existing shareholders through new share issuance
- 6% finder's fees will reduce net proceeds available to the company
Vancouver, British Columbia--(Newsfile Corp. - October 30, 2024) - Cabral Gold Inc. (TSXV: CBR) (OTC Pink: CBGZF) ("Cabral" or the "Company") is pleased to announce the terms of a non-brokered private placement of up to 10,000,000 units of the Company (the "Units") at a price of
Cabral may pay finder's fees in connection with the Private Placement. Finders will be paid a cash commission equal to up to
The Company intends to use the net proceeds from the Private Placement for general corporate purposes and to complete drilling and detailed engineering following the recently completed pre-feasibility study on a starter operation designed to target weathered gold-in-oxide material at the Cuiú Cuiú gold district.
The securities issued pursuant to the Private Placement will be subject to a four-month hold period from the Closing Date. Completion of the Private Placement and the payment of any finder's fees will be subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.
About Cabral Gold Inc.
The Company is a junior resource company engaged in the identification, exploration and development of mineral properties, with a primary focus on gold properties located in Brazil. The Company has a
The Tapajós Gold Province is the site of the largest gold rush in Brazil's history producing an estimated 30 to 50 million ounces of placer gold between 1978 and 1995. Cuiú Cuiú was the largest area of placer workings in the Tapajós and produced an estimated 2Moz of placer gold historically.
FOR FURTHER INFORMATION PLEASE CONTACT:
"Alan Carter"
President and Chief Executive Officer
Cabral Gold Inc.
Tel: 604.676.5660
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking Statements
This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "forward-looking statements"). The use of the words "will", "expected" and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. This news release contains forward-looking statements and assumptions pertaining to the following; "The Company intends to use the net proceeds from the Private Placement for general corporate purposes and to further the ongoing prefeasibility study on the weathered gold-in-oxide material at the Cuiú Cuiú gold district". The manner in which the Company allocates the proceeds from the Private Placement and repays the Loan Agreement may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228326
FAQ
What is the price per unit in Cabral Gold's (CBGZF) October 2023 private placement?
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