Hanstone Gold Corp. (TSXV: HANS) (FSE: HGO) is closing a non-brokered private placement under which it will raise aggregate gross proceeds of $772,500.
The company intends to use the proceeds from the Offering for its ongoing exploration drilling programme, working capital requirements and other general corporate purposes. The proceeds received by the company from the sale of FT Common Shares will be used to incur eligible “Canadian exploration expenses” that are “flow-through mining expenditures” (as such term is defined in the Income Tax Act (Canada)) related to the company’s Doc and Snip North projects;
About Hanstone Gold
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 mineralised 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.
For further information please visit: https://www.hanstonegold.com/
