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Private Placement: Mojave Gold Corp. (TSXV:MOJ)

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Mineralized structures have been mapped for over three kilometres, often reaching over 70 metres in width. The company is looking to raise gross proceeds of up to $3 million from the placement of up to 6 million units priced at $0.50 per unit. The units consist of 1 share and 1 warrant, with each warrant exercisable at $0.88 for 36 months.

Additional Information:

Company: Mojave Gold Corp.
Website: http://www.MojaveGoldCorp.com
Stock Symbol: TSXV: MOJ
Date Published: Mar 8, 2021
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

Mojave Gold Corp. 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 6 million units priced at $0.50 per unit.

The units consist of 1 share and 1 warrant, with each warrant exercisable at $0.88 for 36 months.

In addition to the usual exemptions, the units are offered under the Investment Dealer Exemption.

The shares are currently trading at $0.50.

Net proceeds will be used for expenses related to the Mexican properties, payables, and general working capital purposes.

The company’s Sonora Gold property is located 110 kilometres due north of Hermosillo in Sonora, Mexico, and 140 kilometres south of Tucson, Arizona.

The property lies in the Caborca gold belt, which hosts a number of operating and historical mines.

Mineralized structures have been mapped for over three kilometres, often reaching over 70 metres in width.

Rock sampling confirmed significant gold concentrations occur along the known strike length of the Sonora Copper West Structure with reported samples of 16.2 grams per tonne gold.

The company recently announced an option to earn a 100-per-cent interest in the nearby Benjamin Hill mineral concession.

Greg Bronson, President, stated: "The announcement of the Benjamin Hill property option agreement is a key milestone in our business plan. The team looks forward to developing the property as it contiguous to our Sonora gold property in the highly prospective Caborca gold belt. The Benjamin Hill property contains a large, mineralized structure that have been mapped to extend over three kilometers in length and has an observed width of up to 70m. This structure has recently been confirmed to connect with adjoining structures to the north which can be traced over 8.5m in cumulative length. Samples recently taken from this same structure to the north of the Benjamin Hill property have assayed at up to 16.2g/t gold in surface grab sample. The Benjamin Hill property also contains several historical adits where artisanal miners have targeted and followed this same structure."

For more information, please visit the company’s website at www.MojaveGoldCorp.com, contact Cole McClay, CEO, at 604-271-0826 or by email at info@MojaveGoldCorp.com.

I’m Megan Edwards for Investmentpitch Media