On March 10, 2021, Patagonia Gold Corp. closed a best efforts private placement of 104,086,063 units at a price of $0.09 per unit for total gross proceeds of approximately $9.3 million.
Each unit consists of one common share and one common share purchase warrant of Patagonia. Each warrant entitles the holder thereof to purchase one common share at a price of $0.13 until March 10, 2024.
Cassels acted for Patagonia.