Ready Set Gold Corp. (CSE:RDY) has said it is changing its name to Newpath Resources Inc and effective December 8, 2022, the trading symbol for the company on the Canadian Securities Exchange will change from RDY to PATH.
No action will be required to be taken by shareholders with respect to the name or symbol change and the share capital of the company will remain unchanged.
The company is not changing its symbol on the OTC Pink at this time and it will continue to trade under RDYFF on this market.
READ: Ready Set Gold closes private placement for total gross proceeds of $476,850
Further to the company's news release dated November 24, 2022, Ready Set Gold also said it intends to close a second tranche of its private placement and issue the remaining 3,902,143 units at a price of 7 cents per unit for gross proceeds of $273,150.
The company anticipates closing to occur on January 15, 2023.
Each unit in the private placement comprises one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one common share of the company for a period of five years from the closing of the private placement at an exercise price of 9 cents per share.
Ready Set Gold is a precious metals exploration company that owns a 100% interest in the Northshore gold property, located in the prolific Schreiber-Hemlo greenstone belt near Thunder Bay, which is prospective for gold and silver mineralization.
Contact the author at jon.hopkins@proactiveinvestors.com