GoldInxs Mining (TSX-V:INXS) has closed the first tranche of its private placement, raising gross proceeds of C$647,316 ($652,400).
The tranche comprised the issuance of 4,315,270 flow-through (FT) units at C$0.13 per unit for C$560,985, plus another 784,831 non-FT units at C$0.11 for an additional C$86,331.
Each of the units contains one common share of the company and one warrant, with the warrant exercisable at C$0.25 per share for 24 months.
GoldInxs plans to use the funds for exploration work and other operations at its flagship Fishpot Project in British Columbia, Canada, as well as other expenses.
As previously announced, the company plans to raise a total of C$1.15 million from the unit offering.
GoldInxs Mining is an early-stage mineral exploration company based in British Columbia, dedicated to identifying, acquiring, and advancing gold and copper assets.
Write to Jackson Chen at Mining.com.au
Main image: GoldInxs Mining
