Treasury completes placement, relocates to BC and rebrands
Gold exploration company Treasury Metals has announced the achievement of several milestones, completing the second tranche of a private placement, relocating its jurisdiction to British Columbia and listing on the TSX-V.
In the second tranche of the flow-through unit placement, Treasury raised nearly C$2-million, adding to the C$4.4-million from the first tranche. This brings a total of C$6.4-million in fresh capital to the gold explorer.
Furthermore, Treasury has completed a share consolidation, effective from Tuesday.
The company is merging with Blackwolf Copper and Gold and will be rebranding as NeXgold Mining.
The merger with Blackwolf, announced in May, positions the combined entity to advance the Goliath Gold Complex in Ontario towards production. The merger is expected to bolster leadership capabilities, fortify the balance sheet, and strengthen the capital markets team.
Mining and capital markets executive Frank Giustra is the largest shareholder of Blackwolf.
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