FRANKFURT EXCHANGE(7RH1-F) Providence Gold Mines Inc. Engages with Prominent Financing Group
TSX: V PHD
OTCQB PRRVF
FRANKFURT EXCHANGE(7RH1-F)
Providence Gold Mines Inc.
Engages with Prominent Financing Group
VANCOUVER – March 1, 2023, Providence Gold Mines Inc. (“Providence” or the
“Company”) wishes to announce that, it has engaged the services of a prominent company
specializing in private alternative investments. This firm will help facilitate discussions and make
introductions through a sophisticated electronic data room, within the private alternative investments
marketplace, to assist in securing funding for it's highly anticipated 4,000-meter HQ core drilling
program within the historically famous high-grade Providence Group of Gold Mines. More information
on the enhanced modelling used to develop the drill program can be found on the Company website
at the following link. https://providencegold.com/enhanced-real-time-drill-target-modelling/
The phase one 4,000-meter of HQ core drilling, is the first ever, and is designed to verify the
significant gold targets projected near surface.
In addition, the Company wishes to announce receipt of regulatory final approval for its
recently announced private placement financing for a total of 1,236,860 units at a unit price of $0.07
for a total of $86,580. Each unit comprising of one common share and one purchase warrant
exercisable for a 24-month period from the date of issue at a price of $0.05. An Insider participated in
the private placement in the amount of $30,100.
Our Geological Team:
Our Qualified Person, Dr. Lee Groat
Mark Payne is our Registered P. Geo in the State of California, and has specialized for over
45 years in the California Mother Lode Gold Belt
News Releases and other Web Links:
Walk-through at the 600-level underground mine using state-of-the-art 3D-LIDAR modelling
(https://youtu.be/AKg1LpuZ9FQ)
McCarthy Mine Results 3.77 Kg Sample Yields 77.0 to 97.0 Grams Gold
(https://providencegold.com/providence-gold-mines-announces-mccarthy-mine-results-3-77-kg-
sample-yields-77-0-to-97-0-grams-gold/)
Providence Gold Discloses Discovery of Significant Archived Report
(https://providencegold.com/providence-gold-discloses-discovery-of-significant-archived-report/)
Latest news release with video of Enhanced Modelling for Drill Targeting
(https://providencegold.com/enhanced-real-time-drill-target-modelling/)
ON BEHALF OF THE BOARD
"Ronald Coombes"
Ronald A. Coombes, President & CEO
Phone: (604) 724-2369
Email: [email protected]
STAY TUNED! VISIT OUR WEBSITE FOR MORE DETAILS
www.ProvidenceGold.com
LIKE & FOLLOW @providencegoldmines
Instagram, Facebook, Twitter, TikTok, Youtube, LinkedIn.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Neither the OTCQB and or 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.
All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. All
statements, other than statements of historical fact, included herein, including, without limitation, statements relating to the permitting process, future production of Providence Gold Mines,
budget and timing estimates, the Company’s working capital and financing opportunities and statements regarding the exploration and mineralization potential of the Company ’s properties, are
forward-looking statements. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ
materially from those contained in the forward- looking statements. Important factors that could cause actual results to differ materially from Providence Gold Mines expectations include
fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for
cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop
properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program
milestones; and uncertainty as to timely availability of permits and other governmental approvals. Forward-looking statements are based on estimates and opinions of management at the date the
statements are made. Providence Gold Mines does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place
undue reliance on forward-looking statements.