Gold Basin Resources Corporation (TSX-V:GXX) announced a non-brokered private placement of up to 15 million units at $0.10 each for gross proceeds of up to C$1.5 million. Each unit includes one common share and half of one common share purchase warrant, with each whole warrant exercisable at $0.15 for 12 months from issue.
The proceeds of the financing are intended to fund future and ongoing exploration campaigns at its Gold Basin mineral project in Arizona.
The company also announced it has scheduled its 2024 annual general and special meeting of shareholders for March 15, 2024.