Alma Gold (CSE:ALMA) is currently raising funds by way of a non-brokered private placement. The company is looking to raise gross proceeds of up to $1 million from the placement of up to 10 million units priced at $0.10 per unit. The units consist of 1 share and 1 warrant, with the warrant exercisable at $0.15 for 24 months.
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Alma Gold (CSE:ALMA) is currently raising funds by way of a non-brokered private placement.
The company is looking to raise gross proceeds of up to $1 million from the placement of up to 10 million units priced at $0.10 per unit.
The units consist of 1 share and 1 warrant, with the warrant exercisable at $0.15 for 24 months.
The shares are trading at $0.105, with only 6,775,000 shares currently outstanding.
Net proceeds will be used for advancing the company’s exploration interests, working capital, and general corporate purposes.
Alma Gold, a gold-focused exploration company based in Bedford, Nova Scotia, owns the Clarence Stream North Gold Project, in southwest New Brunswick, and through its subsidiary Karita Gold Corp., is exploring the Karita West Project in northern Guinea, West Africa.
The company is headed by Greg Isenor, P.Geo., who was appointed President & CEO in December 2021.
He leads a team with an extensive history, exceeding 20 years in West Africa, that have a strong track record of developing gold deposits later acquired by major gold producers including IAMGOLD.
Alma Gold acquired Karita Gold Corp in February 2021.
Although the 392 square kilometre Karita Project, which consists of 4 Exploration Permits located immediately adjacent to IAMGOLD’s newly discovered Karita deposit, there has been no prior exploration for gold on the Karita Property.
The company recently announced the initiation of a program of permit acquisition and land package assembly in the northeast Guinea area of the prospective Siguiri Basin.
Alma Gold’s local exploration team has completed a large termite sampling program with a total of 4,505 samples collected with assay results expected shortly.
Termite mound results will be used to identify any gold anomalies which will be confirmed with air core drilling.
Greg Isenor, President and CEO, stated: "The permit acquisition process by Alma Gold is the result of extensive research and compilation of exploration data in the region by our experienced teams in both Mali and Guinea and based on relationships we have developed in the area. We are using the same team and exploration approach that we have successfully utilized in our previous West African gold-focused companies, including Merrex Gold and Roscan Gold. This will be an ongoing process for Alma Gold in this highly prospective area for gold."
The company also owns a 100% undivided interest in the 3,440-hectare Clarence Stream North Gold Project, located immediately north of the advanced-stage Clarence Stream Gold Project owned by Galway Metals Inc.
Additional prospecting and soil sampling is planned in the future to determine whether this central gold anomaly is associated with a deep intrusive body or potential fault structure and to fill in current gaps in the soil sampling survey.
For more information, please visit the company’s website at www.AlmaGoldInc.com, contact Greg Isenor, President and CEO, at 902-221-2329 or by email at GPIsenor@KaritaGold.com.
