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Havilah Announces Closing of $109,725 Non-Brokered Private Placement to Management And Director
Havilah Announces Closing of $109,725 Non-Brokered Private Placement to Management And Dir...
About this update from 1911 Gold Corp.
[{"type":"text","content":"\n\n\n\nHavilah Announces Closing of $109,725 Non-Brokered Private Placement to Management And Director\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Jan. 10, 2019\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n TORONTO, Jan. 10, 2019 /CNW/ - Havilah Mining Corporation (TSXV: HMC) (\"Havilah\" or the \"Company\") is pleased to announce that it has closed the previously announced non-brokered private placement (the \"Private Placement\") for aggregate gross proceeds of $109,725. Senior management and a director of the Company purchased 100% of the Private Placement.\n\n \n \n\n \nThe Private Placement consisted of 385,000 units of the Company (\"Units\"), with each Unit comprised of one common share of the Company (\"Common Share\") and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a \"Warrant\"), at a price of $0.285 per Unit. Each Warrant entitles the holder thereof to purchase one additional Common Share at a price of $0.50 per Common Share until September 19, 2021.\nThe net proceeds of the Private Placement will be used for general corporate purposes.\n\"I am pleased that the two newest additions to the Havilah team are investing alongside our shareholders,\" commented Blair Schultz, Interim Chief Executive Officer of Havilah. \"Both Scott Anderson, our Vice President of Exploration, and Ron Clayton, a recent addition to the Company's Board of Directors, have demonstrated their belief that Havilah is well positioned to build value and provide return on investment for our shareholders.\"\nCertain insiders of the Company (within the meaning of the rules and policies of the TSX Venture Exchange (\"TSXV\") have purchased Units under the Private Placement. The participation of the insiders in the Private Placement constitutes a \"related party transaction\" within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transaction...