Allegiant Announces $4.4 Million Financing Including a Strategic Investment from Goldcorp
Allegiant Gold Ltd. (“Allegiant”) (TSXV:AUAU) has arranged a $4.4 million private placement of common shares, with proceeds to be used to fund exploration drill programs on six of Allegiant’s exploration projects located in Nevada: North Brown, Red Hills, Monitor Hills, Hughes Canyon, Adularia Hill and Silver Dome.
Allegiant owns 100% of 14 highly-prospective drill-ready gold projects in the United States, 11 of which are located in the mining-friendly jurisdiction of Nevada. Allegiant’s flagship Eastside project hosts a large and expanding gold resource, is district scale, and is located in an area of excellent infrastructure. Allegiant is led by Chairman Robert Giustra and CEO Andy Wallace, who is credited with discovering a number of multi-million-ounce gold mines in Nevada.
Post-closing Goldcorp will own 9.99% of the issued and outstanding common shares of Allegiant on a non-diluted basis.
Fort Capital Partners acted as placement agent to Allegiant with respect to the strategic investment by Goldcorp.