Compass Gold Undertakes $2.5 M Equity Private Placement
Compass Gold Corporation (CVB.V), which is focused on gold exploration on four properties in Mali, Africa's third largest gold producer, will carry out a private placement of up to 41,666,666 units at a price of C$0.06 per unit for gross proceeds to the company of up to C$2,500,000.
Compass will use net proceeds for exploration work on the four gold exploration permits noted below in which the company holds an interest through its wholly owned subsidiary Africa Mining SARL and for general working capital purposes.
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