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Cabral Gold has announced a non-brokered private placement

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The company is looking to raise gross proceeds of up to $3 million from the placement of up to 20 million units priced at $0.15 per unit. Each unit consists of 1 share and 1 warrant, with each warrant exercisable at $0.20 for 12 months.

Additional Information:

Company: Cabral Gold
Website: http://www.cabralgold.com,
Stock Symbol: TSXV:CBR
Date Published: May 22, 2019
Transcript: Available

Video Transcript:

I’m Cassandra Bolinski for Investmentpitch Media

Cabral Gold has announced a non-brokered private placement.

The company is looking to raise gross proceeds of up to $3 million from the placement of up to 20 million units priced at $0.15 per unit.

Each unit consists of 1 share and 1 warrant, with each warrant exercisable at $0.20 for 12 months.

The shares are trading at $0.155.

Cabral Gold, a junior resource company and is engaged in the identification, exploration and development of mineral properties, is focused on advancing its flagship, district-scale Cuiú Cuiú gold project located in the Tapajós Region in northern Brazil.

This region was historically the site of the largest gold rush in Brazil's history.

The project is estimated to have produced 2 million ounces of placer gold, with the region itself estimated to have produced 20 to 30 million ounces of placer gold.

In the near term, the company plans to define a high-grade resource at Cuiú Cuiú of 500,000 to 1,000,000 ounces of gold at more than 7 grams per tonne gold by infill drilling of the high-grade zones within the existing low-grade deposits at MG and Central.

In addition to Cuiú Cuiú, Cabral Gold has three other projects in the Tapajos Region of Para, Brazil.

For more information please visit the company’s website www.cabralgold.com, contact Alan Carter, President and CEO, at 604-676-5660 or by email at info@cabralgold.com.

I’m Cassandra Bolinski for Investmentpitch Media