Headwater Gold Inc. announced that it has received CAD 2.66 million in funding
On February 15, 2023, Headwater Gold Inc. closed the transaction. The company has amended the terms of the transaction. The company has issued 7,000,000 units at a price of CAD 0.38 per unit for gross proceeds of CAD 2,660,000. The insiders of the company purchased a total of 121,052 units. The finders' fees of CAD 55,085 and 144,960 broker warrants exercisable at CAD 0.55 for a two year term were paid on a portion of the offering. All securities issued are restricted from trading until June 16, 2023.
The company has raised $654,244.96 pursuant to Regulation D from 10 investors.