Funds To Support Alaska And Nevada Projects
Avidian Gold Corp. (TSXV: AVG) (OTCQB:AVGDF) has announced a private placement to raise $6 million.
The net proceeds from the Offering shall be primarily used for the development of Avidian’s advanced-stage gold and gold-copper mineral properties in Alaska and Nevada and for general and administrative expenses. Avidian reserves the right to up-size the offering by 25%. The Offering is expected to close on or about May 21, 2021.
Avidian has a focus on advanced stage gold exploration projects in Alaska. Avidian’s Golden Zone project hosts a NI 43- 101 Indicated gold resource of 267,400 ounces (4,187,000 tonnes at 1.99 g/t Au) plus an Inferred gold resource of 35,900 ounces (1,353,000 tonnes at 0.83 g/t Au).
Additional projects include the Amanita and the Amanita NE gold properties which are both adjacent to Kinross Gold’s Fort Knox gold mine in Alaska, and the Jungo gold-copper property in Nevada.