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Antler Gold announces increase to brokered private placement offering
Antler Gold announces increase to brokered private placement offering Canada NewsW...
About this update from Antler Gold, Inc.
[{"type":"text","content":"\n\n\n\nAntler Gold announces increase to brokered private placement offering\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\n\n\n\n\n\n\nCanada NewsWire\nHALIFAX, Feb. 7, 2017\n\n\n\nHALIFAX, Feb. 7, 2017 /CNW/ - Antler Gold Inc. (\"Antler\" or \"Company\") (TSX-V: ANTL) is pleased to announce that due to strong response from potential investors the previously announced brokererd best efforts private placement (\"Financing\") of $2.2 million of common shares (\"Shares\") and flow-through common shares (\"FT Shares\") led by Mackie Research Capital Corporation, has been increased by $600,000 to gross proceeds of up to $2,800,000 comprised of 2,445,600 Shares and 1,280,094 FT Shares at a price of $0.70 per Share and at $0.85 per FT Share, subject to TSX Venture approval.\n\nAs previously disclosed, Antler has agreed to grant the Agents an option (the \"Over-Allotment Option\"), to purchase, in whole or in part, up to an additional 15% of such number of Shares and FT Shares sold by the Agents, excluding any Shares and FT Shares sold to certain excluded purchasers (the \"Excluded Shares\"), to cover over-allotments, if any. The Over-Allotment Option is exercisable, in whole or in part by the Agents at any time up to 48 hours prior to the closing date of the Financing.  \n\nAs compensation for its services, the Agents will receive a cash commission equal to (a) 7% of the gross proceeds of the Financing other than proceeds from the sale of the Excluded Shares and (b) 2% of the gross proceeds from the sale of the Excluded Shares. The Agents will also receive non-tranferable compensation options which will entitle them to acquire such number of common shares as is equal to 5% of the number of Shares and FT Shares sold under the Financing other than the Excluded Shares at a price of $0.70 per common share. These options will be exercisable for a period of 18 months from the closing of the Financing.  \n\nAntler intends to use the net proceeds of the Financing to continue exploration on its Wilding Lake Gold project in Central Newfoundland and for working capital purposes. T...