TintinaGold Resources Inc TSXV:TAU announced that it has signed agreements to carry out a non-brokered bought-deal private placement of up to 56,299,213 common shares at a price of $0.635 per share for gross proceeds to the company of up to $35,750,000. The proceeds of the offering will be allocated to fund ongoing exploration, environmental baseline work and feasibility studies at TintinaGold’s Sheep Creek property in Montana and for general working capital.
President/CEO Raj Chowdhry commented, “The funds raised in this offering will be critical in continuing to develop Tintina’s high-quality resource base. Through its 100% ownership of the Sheep Creek property, located in one of the safest geopolitical jurisdictions in the world, TintinaGold is exceptionally well-positioned to take full advantage of the secular bull market in copper and silver for the benefit of all shareholders.”
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Philippe Van Nieuwenhuyse
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by Ted Niles