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(C)2021 Electronic News Publishing - http://www.enpublishing.co.uk
Release date- 19012021 -
The offering will consist of up to up to 7,200,000 Units at
Each Unit will consist of one common share and one warrant. Each warrant will entitle the holder to purchase an additional common share at
This placement may close in several tranches and Insiders may participate in the placement. The proceeds will be expended on diamond drilling of the Company's
Finder's fees may be payable on all or a portion of the offering, and will consist of a cash fee of 7% and a Broker's Warrant where applicable, which will entitle the holder to subscribe for one common share for two years from the closing date of the offering at
This offering will be subject to the completion of formal documentation, receipt of all necessary regulatory approvals, including the
The offering is open to all existing shareholders of the Company and all interested investors, provided that a prospectus exemption is available for the Company to issue units to such investors. For existing shareholders who as of the close of business on
The Company also plans to utilize British Columbia Instrument 45-536 which opens private placements to non-accredited investors provided the purchaser has obtained advice regarding the suitability of the investment and that advice has been obtained from a person that is registered as an investment dealer in the jurisdiction. Completion of the private placement is subject to the
There is no minimum offering size for the private placement and the maximum number of units proposed to be issued is 7,200,000 units for gross proceeds of
There is no material change about the issuer that has not been generally disclosed.
Contact:
Tel: +1 +1 877 261-4466
Email: info@marketsmart.ca
This release includes certain statements that may be deemed 'forward-looking statements'. All statements in this release, other than statement of historical facts that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects re forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, statements are not guarantees of future performance and actual results or developments may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements.
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