Business
Contact Gold Announces Upsize of Private Placement Financing to $1,000,000
(TheNewswire) Vancouver, BC - TheNewswire - February 9, 2023 - Contact ...
About this update from Commodore Metals Corp.
[{"type":"text","content":"Contact Gold Announces Upsize of Private Placement Financing to $1,000,000\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, BC -\n \n \n TheNewswire -\n \n \n February 9, 2023 -\n \n \n Contact Gold Corp.\n \n \n (the\n \n \n \"\n \n \n Company\n \n \n \"\n \n \n or\n \n \n \"\n \n \n Contact\nGold\n \n \n \"\n \n \n ) (TSXV:C\n \n \n )\n \n \n (\n \n \n OTC:CGOLF)\n \n \n is pleased to announce that it has\nincreased the size of its previously announced non-brokered private\nplacement to $1 million (the \"Offering\"), comprising\n50,000,000 units (\"Units\") at a price of $0.02 per Unit (the\n\"Offering Price\")\n \n \n \n \n Matt Lennox-King, President and CEO of Contact Gold\ncommented: “We are pleased to receive such a positive response for\nthis offering, including the significant support of existing\nshareholders. A substantial portion of the offering is expected to be\ndirected to the resumption of exploration at the Company’s\nwholly-owned Pony Creek gold project, located on the Carlin Trend.  \nThe return to Pony Creek has long been an objective of management, and\nwith Centerra Gold now earning-in to the Green Springs project, we can\nfocus our efforts and resources on this highly prospective, and\nunder-explored gold property.”\n \n \n \n \n See the Company’s\n \n \n \n \n press release dated\nJanuary 31, 2023\n \n \n \n \n for further details\nabout the Offering.\n \n \n \n \n Certain insiders of the Company, including Matt\nLennox-King, John Dorward, Andrew Farncomb, and John Wenger intend to\nparticipate in the Offering, with full particulars of such\nparticipation to be included in the news release announcing the\nclosing of the Offering.\n \n \n \n \n The Offering is non-brokered; however, the Company may\npay finder's fees in connection with the Offering in accordance with\nthe rules and policies of the TSX Venture Exchange\n(\"TSX-V\"). The Offering is subject to the completion of\nformal documentation and receipt of all necessary regulatory\napprovals, including the approval of the TSX-V.   The Offering is\nanticipated to close on or about March 2, 2023.\n \n \n \n \n The Common Shares issued pursuant to this Offering will\nbe subject to a hold period expiring four months and one day from the\nd...