MAS Gold Corp (TSX-V:MAS, OTCQB:MSGCF) announced it has closed its previously announced rights offering for aggregate gross proceeds of $1,796,806.74.
The company said the net proceeds of the offering will be used for general corporate purposes, including the repayment of indebtedness incurred while conducting exploration programs, preparing the National Instrument 43-101 compliant 'Technical Report on the 2023 Mineral Resource Update for the Preview SW Project, La Ronge Gold Belt, Saskatchewan, Canada', paying claims maintenance fees and general corporate expenditures.