Providence Gold Mines Inc. announced a non-brokered private placement of up to 8,571,500 common shares at CAD 0.07 per share for gross proceeds of up to CAD 600,000 on June 29, 2021. The transaction will include participation from certain insiders for 2,314,286 common shares for gross proceeds of CAD 162,000. The company may pay finder’s fees of 6% of the gross proceeds in cash and 6% as broker warrants in the transaction. The transaction is subject to the approval of the TSX Venture Exchange. All securities issued are subject to a hold period of four months and one day from the closing date transaction. The transaction is expected to close on or before the second week of July. On the same date, the company announced that it received its first tranche of 2,857,143 common shares for gross proceeds of CAD 200,000. Certain insiders of the Company are participating in the amount of CAD 162,000 to acquire 2,314,286 common shares.