Business
Contact Gold Increases Private Placement for Proceeds of up to $2.85 Million
Vancouver, British Columbia--(Newsfile Corp. - February 27, 2019) - Contact Gold Corp.  ...
About this update from Commodore Metals Corp.
[{"type":"text","content":"Contact Gold Increases Private Placement for Proceeds of up to $2.85 MillionVancouver, British Columbia--(Newsfile Corp. - February 27, 2019) - Contact Gold Corp. (TSXV: C) (the \"Company\" or \"Contact Gold\") is pleased to announce that it has increased its previously announced non-brokered private placement (the \"Offering\") to gross proceeds of $2,850,000.The Company now plans to issue 9,827,586 common shares with their associated rights under the same terms and at the same price as described in the Company's news release dated February 4, 2019 for gross proceeds of $2,850,000. Depending on market conditions, the Company may further increase the amount to be raised under the Offering. Closing of the Offering is expected to occur as soon as possible, and is subject to the receipt of all necessary regulatory approvals.Net proceeds of the Offering are expected to be used to undertake further drilling at Contact Gold's Pony Creek project located in Elko County, Nevada, and for general working capital.For further details on the Offering, including acknowledgement that the offered securities have not been, nor will they be, registered under the United States Securities Act of 1933, as amended or any state securities laws, and accordingly carry certain related restrictions, see the Company's news release dated February 4, 2019.This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.About Contact Gold Corp.Contact Gold is an exploration company focused on producing district scale gold discoveries in Nevada. Contact Gold's extensive land holdings are on the prolific Carlin, Independence and Northern Nevada Rift gold trends which host numerous gold deposits and mines. Contact Gold's land position comprises approximately 212 km2 of target rich mineral tenure hosting numerous known gold occurrences, ranging from early- to advanced-exploration and resource definition stage. Additional information about the Company is available at www.contactgold.com. For more information, please contact: +1 (604) 449-3361Matthew Lennox-King - President & CEOE-mail: [email protected] the TSXV nor its Regulation Services Provider (as that term is defined in the policies ...