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Contact Gold Announces Underwriters Have Agreed to Purchase $4 Million of Common Stock in Public Offering
Contact Gold Announces Underwriters Have Agreed to Purchase $4 Million of Common Stock in ...
About this update from Commodore Metals Corp.
[{"type":"text","content":"\n\n\n\nContact Gold Announces Underwriters Have Agreed to Purchase $4 Million of Common Stock in Public 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\nVANCOUVER, May 13, 2019\n\n\n\nVANCOUVER, May 13, 2019 /CNW/ - Contact Gold Corp. (the \"Company\" or \"Contact Gold\") (TSXV: C) is pleased to announce that further to its news release dated April 10, 2019, it has entered into an underwriting agreement with Raymond James Ltd. and Cormark Securities Inc., as joint bookrunners and underwriters, together with their U.S. affiliates Raymond James (USA) Ltd. and Cormark Securities (USA) Limited (collectively, the \"Underwriters\") whereby the Underwriters have agreed to purchase 20,000,000 shares of common stock (the \"Offered Shares\") at a price of $0.20 per Offered Share (the \"Offering Price\") for gross proceeds of $4,000,000 (the \"Offering\"). 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 of the Offering, to purchase up to an additional 3,000,000 Offered Shares at the Offering Price. If the Over-Allotment Option is exercised in full, the total gross proceeds to the Company will be $4,600,000.\n\n \n \n\n \nThe Offering is being 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 circular (the \"Offering Statement\"), pursuant to Regulation A under the U.S. Securities Act of 1933, as amended (the \"1933 Act\"), filed with the United States Securities and Exchange Commission (the \"SEC\"). The qualification of the Offering Statement by the SEC is expected to occur on or about May 15, 2019.\nThe Company intends to use the net proceeds of the Offering to under...