Funds To Support Doc And Snip North Work
Hanstone Gold Corp. (TSXV: HANS) has entered into an agreement with Research Capital Corporation for the undertaking of a private placement for aggregate gross proceeds of up to C$4 million.
The company intends to use the net proceeds from the Offering for its ongoing exploration drilling programme, working capital requirements and other general corporate purposes. The gross proceeds received by the company from the sale of the FT Units will be used to incur eligible “Canadian exploration expenses” (CEE) that are “flow-through mining expenditures” related to the company’s Doc and Snip North projects.
The Offering is scheduled to close on or about the week of June 7, 2021, or such date as agreed upon between the Company and the Agent.
Hanstone is a precious and base metals explorer with its current focus on the Doc and Snip North Projects optimally located in the heart of the prolific mineralized area of British Columbia known as the Golden Triangle.
The Golden Triangle is an area which hosts numerous producing and past-producing mines and several large deposits that are approaching potential development. The Company holds a 100% earn in option in the 1,704-hectare Doc Project and owns a 100% interest in the 3,336-hectare Snip North Project.
Hanstone has a highly experienced team of industry professionals with a successful track record in the discovery of gold deposits and in developing mineral exploration projects through discovery to production.
