05:31 PM EDT, 09/09/2024 (MT Newswires) -- P2 Gold ( PGLDF ) after trade Monday said it closed the second tranche of non-brokered private placement of share units, raising $0.5 million.

The company placed 9.95-million units in the tranche, with each priced at $0.05 and made up of a share and a two-year warrant to buy a second share for $0.10.

Proceeds of the offering will be used for exploration, development, and general corporate purposes, the company said.

P2 shares closed unchanged at $0.05 on the TSX Venture Exchange.