StrikePoint Gold Secures Initial Private Funding

Strikepoint Gold (TSE:SKP) has released an update.

StrikePoint Gold Inc. has successfully completed the first tranche of its non-brokered private placement, raising $1.227 million through the issuance of over 30 million units at $0.04 each. The funds are primarily allocated towards the Cuprite Gold Project’s exploratory drilling and other operational costs. A second tranche is expected to close in mid-March, subject to regulatory approval, while the securities from this tranche will be on a four-month hold period.

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