Compass Gold Announces $1.0 Million Private Placement

Provided By Globe Newswire

Last update: Nov 18, 2022

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TORONTO, Nov. 18, 2022 (GLOBE NEWSWIRE) -- Compass Gold Corp. (TSX-V: CVB) (“Compass” or the “Company”) is pleased to announce that it intends to issue, on a non-brokered private placement basis, approximately 14.3 million common shares of the Company (“Common Shares”), at a price of $0.07 per share, for aggregate gross proceeds of $1.0 million (the “Offering”). Based on market conditions, the Offering may be increased by approximately 7.17 million Common Shares, for additional gross proceeds of up to $0.5 million, and resulting in aggregate gross proceeds pursuant to the Offering of up to $1.5 million.