Spanish Mountain Gold Ltd (TSX-V:SPA, OTC:SPAZF) announced an update on its brokered "best efforts" private placement targeting up to C$6.5 million.
The company said that the terms for charity flow-through (FT) units were amended, as detailed in the company’s updated offering document dated November 5, 2024.
Each Charity FT Unit will include one flow-through share and one common share purchase warrant, priced at $0.20 per unit.
The warrants allow holders to purchase additional common shares at $0.18 per share within two years.
The offering is set to close around November 15, 2024.
The company is advancing the Spanish Mountain Gold project in British Columbia by optimizing high-grade resource areas and prioritizing sustainable practices.