The company is making the offer to accredited investors.
Each unit includes restricted common share of the company’s stock and one warrant to buy half of a common share at $0.60/share within 18 months from the closing date.
The company will pay a finder’s fee of 6% cash as well as 6% warrants to eligible agents and brokers.
Discovery Gold president Steven Flechner said, "We expect that the first tranche of the Offering will be completed within the next week, at which time the Company plans to pursue permitting, land payments and related matters in preparation for commencing the next phase of detailed soil sampling and surface trenching work programs at our strategically located Edum Banso Gold Project in the prolific Ashanti Gold Belt in Ghana."
Discovery Gold’s subsidiary Discovery Gold Ghana currently holds a 95% interest in the option of the exclusive rights to explore the Edum Banso Gold Project within the Ashanti Gold.
