Radius Gold Secures $1.2 Million Through Private Placement Financing
Radius Gold has completed a private placement financing totaling $1.2 million, aimed at supporting its exploration projects. The funds will be utilized for the Tierra Roja copper project and Jonco silver project in Peru, along with general working capital.
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Radius Gold has finalized a private placement financing of $1.2 million, pending approval from the TSX Venture Exchange. The financing includes finder's fees of $23,760 in cash and 198,000 warrants, with resale restrictions in place until December 28, 2026.
Proceeds will primarily fund exploration activities at the Tierra Roja copper project and Jonco silver project in Peru, alongside general working capital needs. This financing is a strategic move to enhance exploration efforts in these regions, which may impact the company's growth trajectory and market positioning.
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