Beauce Gold Fields Offers Private Placement to Existing Shareholders and to Accredited Investors

About this update from Beauce Gold Fields, Inc.

[{"type":"text","content":" MONTREAL, Aug. 19, 2019 (GLOBE NEWSWIRE) -- Beauce Gold Fields (Champs D’Or en Beauce) (BGF) (TSX Venture: ¨BGF¨) is pleased to offer a non-brokered private placement of a minimum of 750,000 Units and a maximum of  3,000,000 units of the Company at $0.10 per unit for aggregate gross proceeds of a minimum of $75,000 and up to total gross proceeds of $300,000. subject to receipt of all applicable regulatory approvals. Each Unit is comprised of one (1) common share and one (1) common share purchase warrant of the Company. Each Warrant will entitle the Subscribers to purchase one common share of the capital stock of the Company at an exercise price of $ 0.15 for a period of 24 months from the date of closing of the placement. Each share issued pursuant to the placement will have a mandatory four (4) month and one (1) day holding period from the date of closing of the placement. The offering is open to following investor groups in accordance with applicable laws: Existing shareholders  Accredited investors Investors interested in participating in the Private Placement Interested investors who wish to participate in the private placement are to contact Patrick Levasseur, President and CEO of Beauce Gold Fields at 514-262-9239 or by email [email protected].  Additional information for existing shareholders The offering will be open to participation by existing shareholders of Beauce Gold Fields as of the record date of August 16, 2019 who wishes to participate in the offering in reliance on the Existing Shareholder Exemption available under the Canadian securities laws. The aggregate acquisition cost to an existing shareholder relying on the existing shareholder exemption cannot exceed $15,000 in the 12-month period immediately preceding the closing date of the offering, unless that existing shareholder has obtained advice regarding suitability of the investment from a registered investment dealer in the shareholder's jurisdiction. The minimum subscription amount for existing shareholders relying on the existing shareholder exemption is $5,000. If subscriptions received by the existing shareholders exceed the offered maximum 3,000,000 Units, the offering shares to be sold under the offering will be allocated pro rata amongst all subscribers qualifying under the existing shareholder exemption in proportion ...

More updates from Beauce Gold Fields, Inc.