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Stock impact report

U.S. Gold Corp. secures $31.2M in private financing for CK Gold Mine project [Yahoo! Finance]

U.S. Gold Corp. (USAU) 
US:NASDAQ Investor Relations: usgoldcorp.gold
Company Research Source: Yahoo! Finance
company has raised $31.2 million through a private stock offering – money that will be used to fund preliminary projects while in-progress studies near completion. The CK Gold Mine is a copper and gold mine proposed to be built on land 20 miles west of Cheyenne in the Silver Crown Mining District, neighboring Curt Gowdy State Park. It would be an open-pit mine, employing froth flotation instead of using cyanide to extract the minerals. According to previous reporting by the Wyoming Tribune Eagle, the mine would likely operate for 10 to 12 years, followed by restoration of the land for cattle grazing, which is what the land is currently used for. According to a U.S. Gold Corp. news release published on its website Dec. 23, the company recently closed a private placement of 1,922,159 shares of its common stock at a price of $16.25 per share, and gave investors warrants to purchase 961,077 shares of its common stock at an exercise price of $23 per share, totaling approximately $31. Show less Read more
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