Broadway Gold Mining announces $5M financing

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By CPE News

Vancouver (pcJ News Briefs) – Broadway Gold Mining Ltd. (TSX-V: BRD; OTCQB: BDWYF; FSE: BGH.F) intends to close a non-brokered private placement of up to 5,000,000 units at $1.00 per unit for gross proceeds of up to $5,000,000.

Each Unit will be comprised of one common share and one half (1/2) common share purchase warrant, with each warrant being exercisable to acquire one common share at a price of $1.60 for a period of 18 months following the closing date of the offering.

The offering is expected to close on or about April 21, 2017.

Proceeds will be used for general corporate purposes and for geophysics, underground and surface drilling on its Madison copper-gold project.

Broadway Gold Mining Ltd. owns a 100% interest in the Madison copper-gold project located in the Butte-Anaconda mining region of Montana, USA.

photo credit: Broadway Gold Mining