Business
Stone Gold Announces Fully Subscribed Non-Brokered Private Placement of up to C$300,000
TORONTO, July 07, 2022 (GLOBE NEWSWIRE) -- Stone Gold Inc. (TSX-V: STG) ("Stone Gold" or the "Company") is pleased to announce that it intends to complete a non
About this update from Copper Road Resources Inc
[{"type":"text","content":" TORONTO, July 07, 2022 (GLOBE NEWSWIRE) -- Stone Gold Inc. (TSX-V: STG) (\"Stone Gold\" or the \"Company\") is pleased to announce that it intends to complete a non-brokered private placement with strategic mining investors of up to $300,000 through the issuance of units of the Company (“Units”) at a price $0.20 per Unit (the “Offering”), with an over-allotment option of up to 25% of the Offering to be exercised in the Company’s sole discretion. Each Unit will be comprised of one (1) common share of the Company (a “Common Share”) and one-half of one (0.5) Common Share purchase warrant (each whole Common Share purchase warrant, a “Warrant”), with each whole Warrant entitling the holder thereof to acquire one (1) additional Common Share (a “Warrant Share”) at a price of $0.30 per Warrant Share for a period of twenty-four (24) months following the closing of the Offering. The proceeds from the issuance of Units will be primarily used for exploration activities at the Company’s properties, as well as for general working capital purposes. The Offering is subject to receipt of all necessary regulatory approvals, including approval of the TSX Venture Exchange. The securities issued pursuant to the Offering will be subject to a statutory hold period of four months and one day in accordance with applicable securities laws. The securities have not been, and will not be, registered under the Unites States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any U.S. state security laws, and may not be offered or sold in the Unites States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with requirements of an applicable exemption therefrom. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the Unites States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. For further information, please contact:Mr. John TimmonsPresident & CEOStone Gold Inc.Cellular (416) 931 2243Email: [email protected]: www.stonegold.ca Stone Gold Inc. is engaged in the acquisition, exploration and evaluation of properties for the mining of precious and base metals. Caution Regarding Forward-Looking Information This news release contains forward-lookin...