Radius Gold Finalizes $580,500 Private Placement to Advance Peru Copper Project
Vancouver, British Columbia -- October 30, 2024 -- NewsGenie -- Radius Gold Inc. (TSXV: RDU) has successfully closed a non-brokered private placement, raising gross proceeds of $580,500 through the issuance of 8,292,859 units at $0.07 each. Each unit includes a common share and a warrant, allowing the holder to purchase an additional share at $0.10 within one year.
The company paid $7,560 in finder’s fees related to the placement. Net proceeds will fund exploration at the Tierra Roja copper project in Peru and for general working capital.
The shares and warrants are subject to a resale restriction until March 1, 2025. The placement has received final approval from the TSX Venture Exchange.
Radius Gold, part of the Gold Group led by Simon Ridgway, continues to advance its project portfolio in Mexico, Guatemala, and Peru, utilizing partnerships and seeking new investment opportunities.
Bruce Smith, President and CEO of Radius Gold, is the contact for further information.