The company plans to apply the proceeds for working capital, corporate expenses and to execute its strategy of leveraging its properties to maximize long-term shareholder value.
According to Geopulse, additional gold, copper and potash property expansion and asset purchases will also be a priority.
The company said its corporate strategy is to be a project explorer, generator and operator with an objective to option and/or joint-venture projects with major and junior mining companies through to production.
Switzerland-based Haycliffe provides advisory services that combine equity and merchant banking expertise.
