Provenance Gold Closes Upsized Private Placement and Provides Drilling Update

Core Points - Provenance Gold Corp. has successfully closed a non-brokered private placement, raising gross proceeds of $2,541,800, indicating strong investor interest [1][2] - The company issued 12,709,000 units at a price of $0.20 per unit, with each unit consisting of one common share and one-half of a share purchase warrant [2] - The CEO highlighted the potential of the Eldorado West and Eldorado East projects, emphasizing their strong grade and scale, and the financing will support ongoing drilling efforts [3] Financial Details - The private placement resulted in gross proceeds of $2,541,800, with the company paying $87,045 and issuing 435,225 broker warrants to assist brokerage firms [1][3] - Each full warrant allows the holder to purchase an additional share at $0.25 until July 17, 2028 [2] Drilling Update - Seven drill holes have been completed, with the eighth currently underway, and all completed holes exhibited visual mineralization [4][5] - Specific drill holes are targeting the expansion of previously discovered zones and testing significant step-out areas [7] Stock Options - The company granted 1,900,000 stock options to officers, directors, and consultants, with an exercise price of $0.22 per share and a term of thirty-six months [9]