Home / Mining Company News Releases (Unreviewed) / Stakeholder Gold Corp. Closes Financing

Stakeholder Gold Corp. Closes Financing

Toronto, Ontario–(Newsfile Corp. – December 21, 2017) – Stakeholder Gold Corp. (TSXV: SRC) (“Stakeholder Gold” or the “Company“) is pleased to announce that is has closed on its previously announced private placement financing for gross proceeds of $600,000. Stakeholder Gold has issued 2.4 million units (“Units“) priced at 25 cents per Unit. Each Unit consists of one common share (“Common Share“) and one-half of one warrant (“Warrant“) to purchase one Common Share. Each whole Warrant is exercisable into one Common Share at a price of 50 cents for a period of two years from Thursday, December 21, 2017. The hold period for the Units issued will be four months.

In connection with the financing, as consideration for facilitating the completion of the transaction, Stakeholder Gold will issue an additional 220,000 Warrants, exercisable into one Common Share at a price of 25 cents, to Bonaventure Explorations Limited and pay the amount of $2,250 in cash to Canaccord Genuity Corp. Stakeholder Gold also announces the issuance of 1,000,000 options to Officers, Directors and Consultants to the Company and has reserved 1,000,000 Common Shares for issuance upon exercise of such options pursuant to the terms of the Company’s stock option plan. The options have a strike price of $0.32 and a three year term from the date of issue.

Proceeds of the financing will be used for exploration on the Goldstorm Property in Nevada.

For further information on the content of this release or about Stakeholder Gold, please contact:

Christopher J. Berlet BSc (Mining), CFA
President & CEO
416 548 – 9749
[email protected]

Forward Looking Information

This news release contains forward-looking information. All information, other than information of historical fact, constitute “forward-looking statements” and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation’s strategy, plans or future financial or operating performance.

When used in this news release, the words “estimate”, “project”, “anticipate”, “expect”, “intend”, “believe”, “hope”, “may” and similar expressions, as well as “will“, “shall” and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation’s annual financial statements, MD&A and other publicly filed documents.

The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Disclaimer: This is an unedited and minimally reviewed public mining company press release originally published at http://www.newsfilecorp.com/release/31536/Stakeholder-Gold-Corp.-Closes-Financing. We have linked to our knowledge base articles from within the content of this release in order to help explain some of the terminology used and provide continuity from previous and related news coverage. You can access more in-depth mining company project reviews on our site, as well a knowledge base of articles on mineral exploration, mining and geology-related topics.

About Staff @ Geology for Investors

Geology for Investors seeks to demystify mineral exploration and mining projects for mining company investors. All of our writers and contributors are experienced and educated in geology and the geosciences.