Kapa Gold (KAPA.V) on Thursday said it us seeking up to $2 million from a non-brokered private placement of share units.
The company said it will sell up to 13.3 million units priced at $0.15 each and made up of a share and a two-year transferable warrant to buy a share for $0.25.
Proceeds will be used for the company's next drill program at its Blackhawk Gold property in California and general working capital requirements.
The company's shares were last seen down $0.005 to $0.155 on the TSX Venture Exchange.
Price: $0.16, Change: $-0.01, Percent Change: -3.13%