Gamma Resources Secures $1.75 Million via Private Placement

Gamma Resources Ltd. has successfully concluded its non-brokered private placement, raising $1,750,000 in total. The final tranche closed with proceeds of $877,500. This offering consisted of 21,875,000 units priced at $0.08 each, where each unit includes one common share and a warrant for another share at $0.12, valid for 36 months. Insiders acquired 1,562,500 shares, marking it a related party transaction, exempt from certain regulatory requirements due to its proportion of the company's market capitalization.

The final tranche resulted in issuance of 10,968,750 units. Finder's fees included $7,770 in cash and 97,125 warrants. Pending TSX Venture Exchange acceptance, the funds will aid exploration at Gamma's Mesa Arc and Green River projects, and general corporate expenses.