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Benzinga
Benzinga
Business
Akanksha Bakshi

Loncor Gold Raises C$2.5M Via Equity Offering

Gold TSX

Loncor Gold Inc. (TSX:LN) (OTC:LONCF) revealed a private placement of up to 5 million units at C$0.50/unit for gross proceeds of up to C$2.5 million.

Each unit consists of one common share and one-half of one common share purchase warrant, with each warrant entitling the holder to acquire one common share at an exercise price of C$0.75 for 24 months following the closing date of the financing.

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