Guardian Exploration Plans $2.5 Million Financing for Gold Projects in Nunavut and Yukon
Guardian Exploration Inc. intends to raise $2.5 million through a private placement of 10 million units at $0.25 each. Proceeds will support the Sundog and Esker gold projects in Nunavut and the Mount Cameron property in Yukon.
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Guardian Exploration Inc. (TSXV: GX) proposes a private placement of up to 10 million units priced at $0.25, aiming for gross proceeds of $2.5 million. Each unit comprises one common share and one warrant, with warrants convertible to ordinary shares at $0.40 within 24 months.
Proceeds will primarily fund the Sundog and Esker gold projects located in Nunavut's Kivalliq Region and the Mount Cameron silver-lead-zinc property in Yukon's Mayo Mining District. The corporation will incur Canadian exploration expenses and flow-through critical mineral mining expenditures, which will be renounced to subscribers by December 31, 2026. This financing could enhance project development timelines and attract further investment in the region.
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