Leviathan Gold Ltd. Announces Private Placement:
VANCOUVER, BC, March 10, 2025 – In an exciting development for the mining industry, Leviathan Gold Ltd. (Leviathan or the Company) has recently announced a non-brokered private placement of up to 35,000,000 units (each, a “Unit”) at a price of $0.10 per Unit. This financing move aims to raise gross proceeds of up to $3,500,000 for the Company.
What is a Private Placement?
A private placement is a method of raising capital through the sale of securities directly to investors without the involvement of a securities exchange or the public markets. It is an alternative financing method for companies looking to raise capital more efficiently and with less regulatory burden compared to a public offering.
Impact on Leviathan Gold Ltd.
The private placement proceeds will allow Leviathan to advance its exploration and development activities, particularly focusing on its flagship projects in British Columbia, Canada. The funding will contribute to the expansion of mining operations, drilling programs, and the hiring of additional staff. With a strong financial position, Leviathan is poised to make significant strides in its gold exploration efforts.
Impact on the World
The mining industry, and gold mining in particular, plays a crucial role in the global economy. The private placement by Leviathan Gold Ltd. is a sign of confidence in the industry’s potential for growth and profitability. This investment could lead to increased employment opportunities and economic benefits for local communities where Leviathan operates. Additionally, the exploration and potential discoveries made by Leviathan could contribute to the global gold supply, influencing gold prices and impacting various industries relying on gold.
Conclusion
Leviathan Gold Ltd.’s announcement of a private placement is an encouraging sign for the mining industry. The additional funds will enable the Company to further its gold exploration efforts and contribute to the global gold supply. The impact of this private placement on Leviathan and the world is significant, as it could lead to economic growth, employment opportunities, and potential discoveries. As investors and stakeholders continue to follow the developments at Leviathan, the mining industry remains an exciting and dynamic sector to watch.
- Leviathan Gold Ltd. announces a non-brokered private placement of up to 35,000,000 Units at $0.10 per Unit for gross proceeds of up to $3,500,000.
- Private placement proceeds will be used to advance exploration and development activities, hire additional staff, and expand mining operations.
- The mining industry stands to benefit from the private placement, with potential economic growth, employment opportunities, and global gold supply impact.
- Leviathan’s exploration efforts could lead to significant discoveries and influence gold prices, impacting various industries.
