Closes Successful Strategic Private Placement
Freeman Gold Corp. (CSE: FMAN) (OTCQB: FMANF) has successfully closed a strategic non-brokered private placement to raise $2,999,799.92.
Proceeds from the sale of the Units under the Offering are intended to be used for resource development, exploration, engineering and environmental studies at the Company’s 100% owned Lemhi Project and for general corporate activities.
Freeman Gold Corp. is a mineral exploration company focused on the development of its 100% owned, 30 sq. km Lemhi Gold property in Idaho.
The project hosts a near surface, shallow, high grade oxide gold resource. The pit constrained National Instrument 43-101 compliant mineral resource estimate is comprised of 749,800 oz gold (Au) at 1.02 grams per tonne (g/t) in 22.94 million tonnes (Indicated) and 250,300 oz Au at 1.01 g/t Au in 7.83 million tonnes (Inferred).
The company is focused on growing and advancing the Lemhi Project towards a production decision.
For further information please visit: https://freemangoldcorp.com/news/