07:08 AM EDT, 08/26/2024 (MT Newswires) -- P2 Gold ( PGLDF ) on Monday said it will raise up to $500,000 through a non-brokered private placement of up to 10 million units at $0.05 per unit.

Each unit will consist of one P2 Gold ( PGLDF ) common share and one common share purchase warrant entitling the holder to purchase one additional common share for $0.10 for a two-year period.

The offering is conditional upon receipt of all necessary regulatory approvals, including from the TSXV.

Proceeds from the offering will be used to fund exploration expenditures and for general corporate purposes.