NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, British Columbia, Dec. 23, 2021 (GLOBE NEWSWIRE) -- P2 Gold Inc. (“P2” or the “Company”) (TSX-V:PGLD) reports that it has closed the non-brokered private placement of flow-through units (the “FT Offering”), premium flow-through units (the “PFT Offering”) and non-flow-through units (the “NFT Offering”) (collectively, the FT Offering, PFT Offering and NFT Offering are the “Private Placement”) for gross proceeds of approximately $5.68 million.
In closing the Private Placement, the Company issued 3,959,933 flow-through-units (the “FT Units”) of the Company for gross proceeds of approximately $3.05 million, 1,458,616 premium flow-through units (the “PFT Units”) of the Company for gross proceeds of approximately $1.23 million and 2,421,188 non-flow-through units (the “NFT Units”) of the Company for gross proceeds of approximately $1.40 million.