Proceeds of the financing will be used to drill GoldON's 100%-Owned West Madsen property in Ontario's Red Lake Gold Camp
Victoria, British Columbia--(Newsfile Corp. - July 25, 2024) - GoldON Resources Ltd. (TSXV: GLD) ("GoldON" or the "Company") is arranging a non-brokered private placement financing with qualified investors that includes a lead order from strategic investor Eric Sprott. The Company intends to offer up to 5,000,000 flow-through shares priced at $0.12 per share for maximum gross proceeds of $600,000 (the "Offering").
Figure 1: Looking northeast from GoldON's West Madsen property to WRLG's Madsen Gold Mine property.
The Company will use the proceeds of the Offering to fund the next phase of drilling at its 100%-owned West Madsen Gold Property located in the heart of the Red Lake Gold Camp.
Completion of this Offering is subject to TSX Venture Exchange acceptance.
About GoldON Resources Ltd.
GoldON is a mineral exploration company focused on discovery-stage properties. Our goal with a property is to add value by defining (or redefining) the exploration opportunity, maintain ownership control during the value creation phase of discovery, and then source a well-financed partner capable of accelerating discovery, resource definition, and development.
For more information, you can visit our website at goldonresources.com, download our investor presentation by clicking here, and follow us on X at .
ON BEHALF OF THE BOARD
Signed "Michael Romanik"
Michael Romanik, President
GoldON Resources Ltd.
Direct line: (204) 724-0613
Email: info@goldonresources.com
179 - 2945 Jacklin Road, Suite 416
Victoria, BC, V9B 6J9
Forward-Looking Statements
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