Ginguro Exploration Inc. (TSX-V: GEG) has completed its private placement by raising $1,150,000 from the sale of 3,945,000 flow through common share and 5,638,333 units, both being priced at $0.12.
Each unit contains 1 common share and 1/2 of one non transferable common share purchase warrant. A whole warrant enables the holder to acquire 1 common share at a price of $0.15 for 18 months following the issuance date. The placement included both the starting $1 million offering and the previously announced $150,000 over allotment.
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About Ginguro
Ginguro Exploration Inc. is a mineral exploration company focused on the advancement of its conglomerate-hosted gold property, located in Pardo Township in northern Ontario and of its El Alto IOCG property located north of Santiago, Chile.
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