Gold X2 Announces Strategic Investments from AngloGold Ashanti and Hess Capital Through Non-Brokered Private Placement
All dollar amounts are in Canadian dollars (“$”) unless otherwise indicated
Financing Highlights
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$115,898,301 Total Financing Package by way of non-brokered private placement with three strategic partners:
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$93,288,301 Charity Flow Through Offering: AngloGold Ashanti and an unnamed strategic investor will acquire 58,992,945 and 16,666,666 common shares, respectively, from various sellers in connection with a charity flow-through offering. The offering comprises an aggregate of 75,659,611 Charity Flow-Through Shares priced at $1.233 per share, representing a 37% premium to the agreed back-end price of $0.90 per share. Upon closing AngloGold Ashanti will hold a 9.9% equity interest in the Company.
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$22,610,000 Unit Offering:…
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