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Contact Gold Announces Pricing of Public Offering of Units for up to C$15,000,000
Contact Gold Announces Pricing of Public Offering of Units for up to C$15,000,000 ...
About this update from Commodore Metals Corp.
[{"type":"text","content":"\n\n\n\nContact Gold Announces Pricing of Public Offering of Units for up to C$15,000,000\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\nVANCOUVER, BC, Aug. 10, 2020\n\n\n\nVANCOUVER, BC, Aug. 10, 2020 /CNW/ - Contact Gold Corp. (the \"Company\" or \"Contact Gold\") (TSXV: C) and (OTCQB: CGOL), is pleased to announce that it has agreed to offer its previously announced public offering of units of the Company (\"Units\") at a price of C$0.20 per Unit (the \"Offering Price\") for aggregate gross proceeds of up to C$15,000,000 (the \"Offering\").  Each Unit will consist of one share of common stock in the capital of the Company (a \"Share\", and as a constituent of the Unit, a \"Unit Share\") and one-half of one Share purchase warrant (each whole warrant, a \"Warrant\"), with each Warrant entitling the holder thereof to acquire one Share at an exercise price of C$0.27 for a period of 24 months following the closing date of the Offering.  \nThe Offering will be conducted by Cormark Securities Inc. and its U.S. affiliate (the \"Underwriters\"). The Company has granted to the Underwriters an option (the \"Over-Allotment Option\"), exercisable in whole or in part, in the sole discretion of the Underwriters, for a period of 30 days from and including the closing date of the Offering, to purchase additional Units, additional Shares and/or additional Warrants, in an aggregate amount not to exceed 15% of the Units, Shares or Warrants sold pursuant to the Offering, on the same terms and at the same price as the Units, Shares and Warrants sold under the Offering, to cover over-allotments, if any, and for market stabilization purposes.\nThe Offering will be conducted (A) in Canada pursuant to a prospectus supplement (the \"Prospectus Supplement\") to the Company's short form base shelf prospectus dated October 24, 2018 filed in all of the provinces and territories of Canada, except for Québec (the \"Canadian Jurisdictions\"), and (B) to the public under an offering statement on Form 1-A, which includes an offering circul...