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Beauce Gold Fields to Close $700,000 Flow-Through Private Placement
Montreal, Quebec--(Newsfile Corp. - March 30, 2021) - Beauce Gold Fields (Champs D'Or en Beau...
About this update from Beauce Gold Fields, Inc.
[{"type":"text","content":"Beauce Gold Fields to Close $700,000 Flow-Through Private PlacementMontreal, Quebec--(Newsfile Corp. - March 30, 2021) - Beauce Gold Fields (Champs D'Or en Beauce) (TSXV: BGF), (\"BGF\"), is pleased to announce that it is closing a fully subscribed non-brokered private placement of 2,000,000 Flow-Through units (\"Unit\") at $0.35 per unit for gross proceeds of $700,000. Patrick Levasseur, President and CEO of Beauce Gold Fields, said, \"This Flow-Through financing will allow Beauce Gold Fields to broaden its upcoming drill campaign on its Saint-Simon-les-Mines Beauce Gold property and expand its exploration efforts on the Megantic property.\" Each unit will be comprised of one (1) Flow-through common share and of one (1/2) common share purchase warrant (\"Warrant\") of the company. Each full warrant will entitle the holder thereof to purchase one common share of the capital stock of the company at a price of $0.50 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-month-and-one-day hold period from the date of closing of the placement. The placement is subject to standard regulatory approvals.In connection with the placement, the company will pay a cash finder's fee of $34,000.00 to GloRes Securities Inc. of Whitchurch-Stoufville, Ontario. The company will also issue 85,714 warrants to GloRes Securities Inc. that will give GloRes Securities Inc. the right to purchase one common share of the company at $0.40 for 24 months following the closing of the placement and that will have a mandatory four (4) month and one (1) day holding period from the date of closing of the placement. The company will also issue 20,000 warrants to Marquest Asset Management Inc. of Toronto, Ontario that will give the right to purchase one common share of the company at $0.40 for 24 months following the closing of the placement and that will have the same mandatory four (4) month and one (1) day holding period. Also in connection with the placement, the company will pay a cash finder's fee of $21,000.00 to Qwest Investment Fund Management of Vancouver, British Columbia. The company will also issue to Qwest Investment 60,000 warrants that will give Qwest Investment the right to purchase one common share of the company at $0.35 for 24 months following the closing of the...