Carolina Rush Launches $3M Private Placement

Pancontinental Gold (TSE:RUSH) has released an update.

Carolina Rush Corporation announces a brokered private placement offering aiming to raise up to $3 million through the sale of up to 15 million units at $0.20 each. The proceeds from the offering, which includes common shares and warrants, will be allocated to exploration, development, and general corporate purposes. The private placement is set to close on April 3, 2024, subject to regulatory approvals, and will not be registered under the U.S. Securities Act, relying on certain exemptions.

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