Daura Gold Increases Private Placement to C$3M
Daura Gold (DGCOF:OTCMKTS) has increased the size of its non-brokered private placement from C$2 million to C$3 million. The company plans to issue up to 13.04 million units at a price of C$0.23 per unit, with each unit including one common share and half a warrant. Each full warrant entitles the holder to purchase an additional share for C$0.375 within 24 months after closing. The funds raised will be allocated toward exploration and drilling activities in Argentina and Peru at Daura Gold's Cerro Bayo, La Flora, and Antonella projects, as well as general working capital needs. The company’s shares rose by 4.29% following the announcement.
