U.S. Gold Corp. (USAU) has released an update.
U.S. Gold Corp. has announced a registered direct offering and concurrent private placement transaction to raise approximately $4.9 million through the sale of 1.4 million common shares and equal warrants. The shares are priced at $3.50 each, while the warrants, exercisable in six months, have an exercise price of $4.48 per share. This capital raise is aimed at funding the company’s gold and copper exploration and development endeavors.
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