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GT Gold raising C$6.5M to advance Saddle gold-silver discovery

GT Gold Corp. is undertaking a nonbrokered private placement to raise C$6.5 million.

The company will issue 7,738,095 shares at 84 cents apiece, according to a Feb. 26 release.

GT Gold plans to use the proceeds for exploration at the Saddle gold-silver discovery, part of the Tatogga project in British Columbia's Golden Triangle, and for capital purposes.