|Bid||0.021 x 0|
|Ask||0.024 x 0|
|Day's Range||0.021 - 0.021|
|52 Week Range||0.019 - 0.081|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.35|
VANCOUVER , June 12, 2018 /CNW/ - Progress Minerals Inc. ("Progress" or the "Company") is pleased to provide the following updates to its shareholders regarding financing plans and strategic initiatives underway by the Company. Progress has commenced a non-brokered private placement of up to C$10,000,000 in gross proceeds through the sale of up to 40,000,000 common shares of the Company priced at C$0.25 per common share (the "Offering"). In connection with the Offering, Sandstorm Gold Royalties ("Sandstorm") has agreed to subscribe for 10,000,000 common shares representing an investment of C$2,500,000 .
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