Extends Private Placement
PROVIDENCE
Extends Private Placement
TSX-V PHD
March 28, 2025. OTC-PINKS: PRRVF
FRANKFURT EXCHANGE 7RH1=F
Providence Gold Mines Inc. (“the Company”), The Company is pleased to announce that it has been granted an
extension of its previously announced Private Placement (November 20, 2024, December 6, 2024, January 16, 2025
and February 14th, 2025) until April 30,2025. As announced, a placement of up to $1,800,000 Cdn for 36,000,000 units
at $0.05 per unit is underway. Each unit will comprise of one common share and one non-transferable warrant,
exercisable into one common share of the Company at a price of $0.09 for a period of two years from the date of
closing.
The Company closed the first tranche of the placement on December 6, 2024, issuing 1,500,000 units for gross
proceeds of $75,000 CAD. An officer of the Company participated for the full amount of $75,000 CAD.
USE OF PROCEEDS
The funds from this placement will be used for evaluation of the new gold surface discovery reported for reference
on May 6,2024 and for a significant drilling program of up to 2500m designed to target the historical McCarthy and
Mexican shafts and as well as an area north of the Mexican shaft where significant ground preparation provides a
favorable structural setting for hanging wall splay veins analogous to the historical ”Bonanza” stope at the
Providence mine alone produced 50,000 ounces. Ron Coombes states, “exploration efforts have modelled
potential for several robust gold targets”.
All securities issued will be subject to a hold period of four months and one day from the closing date of the private
placement, in accordance with applicable Canadian securities laws.
Qualified Person
Lee Groat Ph.D., P. Geo, a geologist and qualified person (as defined under NI 43-101) has read and approved of the
technical information contained in this news release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
ON BEHALF OF THE BOARD
“Ronald Coombes”
Ronald Coombes, President & CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
Ronald Coombes
Mobile: 1- 604- 724-2369