PHD - Providence Gold Mines Inc. Engages with Prominent Financing Group
(TheNewswire)
VANCOUVER – TheNewswire - March 1, 2023 - Providence Gold Mines Inc. ( TSX V :PHD ) (OTC:PRRVF) (FRANKFURT EXCHANGE:7RH1-F) (“Providence” or the“Company”) wishes to announce that, it hasengaged the services of a prominent company specializing in privatealternative investments. This firm will help facilitate discussionsand make introductions through a sophisticated electronic data room,within the private alternative investments marketplace, to assist insecuring funding for it's highly anticipated 4,000-meter HQ coredrilling program within the historically famous high-grade ProvidenceGroup of Gold Mines. More information on the enhanced modelling usedto develop the drill program can be found on the Company website atthe following link. https://providencegold.com/enhanced-real-time-drill-target-modelling/
The phase one 4,000-meter of HQ core drilling, is thefirst ever, and is designed to verify the significant gold targetsprojected near surface.
In addition, the Company wishes to announce receipt ofregulatory final approval for its recently announced private placement financing for a total of 1,236,860 units ata unit price of $0.07 for a total of $86,580. Each unit comprising ofone common share and one purchase warrant exercisable for a 24-monthperiod from the date of issue at a price of $0.05. An Insiderparticipated in the private placement in the amount of $30,100.
Our Geological Team:
Our Qualified Person, Dr. Lee Groat
Mark Payne is our Registered P. Geo in the State ofCalifornia, and has specialized for over 45 years in the CaliforniaMother Lode Gold Belt
News Releases and other WebLinks:
-
McCarthy Mine Results 3.77 Kg Sample Yields 77.0 to97.0 Grams Gold ( https://providencegold.com/providence-gold-mines-announces-mccarthy-mine-results-3-77-kg-sample-yields-77-0-to-97-0-grams-gold/
-
Providence Gold Discloses Discovery of SignificantArchived Report ( https://providencegold.com/providence-gold-discloses-discovery-of-significant-archived-report/ )
-
Latest news release with video of Enhanced Modellingfor Drill Targeting ( https://providencegold.com/enhanced-real-time-drill-target-modelling/
ON BEHALF OF THE BOARD
"Ronald Coombes"
Ronald A. Coombes, President &CEO
Phone: (604) 724-2369
Email: rcoombes@providencegold.com
STAY TUNED! VISIT OUR WEBSITE FORMORE DETAILS
LIKE & FOLLOW @providencegoldmines
Instagram , , , TikTok , , .
CAUTIONARY STATEMENT REGARDINGFORWARD-LOOKING INFORMATION
Neither the OTCQB and or the TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
All statements, trend analysis and other informationcontained in this press release relative to markets about anticipatedfuture events or results constitute forward-looking statements. Allstatements, other than statements of historical fact, included herein,including, without limitation, statements relating to the permittingprocess, future production of Providence Gold Mines, budget and timingestimates, the Company ’ sworking capital and financing opportunities and statements regardingthe exploration and mineralization potential of theCompany ’ s properties,are forward-looking statements. Forward-looking statements are subjectto business and economic risks and uncertainties and other factorsthat could cause actual results of operations to differ materiallyfrom those contained in the forward- looking statements. Importantfactors that could cause actual results to differ materially fromProvidence Gold Mines expectations include fluctuations in commodityprices and currency exchange rates; uncertainties relating tointerpretation of drill results and the geology, continuity and gradeof mineral deposits; the need for cooperation of government agenciesand native groups in the exploration and development of properties andthe issuance of required permits; the need to obtain additionalfinancing to develop properties and uncertainty as to the availabilityand terms of future financing; the possibility of delay in explorationor development programs and uncertainty of meeting anticipated programmilestones; and uncertainty as to timely availability of permits andother governmental approvals. Forward-looking statements are based onestimates and opinions of management at the date the statements aremade. Providence Gold Mines does not undertake any obligation toupdate forward-looking statements except as required by applicablesecurities laws. Investors should not place undue reliance onforward-looking statements.
Copyright (c) 2023 TheNewswire - All rights reserved.