On May 10, 2017, Highway 50 Gold Corp. (“Highway 50” or the “Company”) announced that it had closed a non-brokered private placement, raising gross proceeds to the Company of C$550,000. The Company issued 1,000,000 units (“Units”) at a purchase price of C$0.55 per Unit. Each Unit is comprised of one (1) common share of the Company and one (1) common share purchase warrant (“Warrant”). Each Warrant entitles the holder to purchase one (1) common share of the Company at a purchase price of C$0.60 per share until May 10, 2018.
Highway 50 is a mineral exploration stage company led by a team of experienced explorers and deal-makers. The Company is executing an exploration plan refined over 25 years of experience in Nevada and the Aldridge Formation of southeastern British Columbia.
Further details regarding the equity financing can be found on Highway 50’s website. Highway 50 trades under the symbol “HWY” on Tier 2 of the TSX Venture Exchange.