Business
Stone Gold Inc. Completes $500,000 Non-Brokered Private Placement
TORONTO, Nov. 17, 2021 (GLOBE NEWSWIRE) -- Stone Gold Inc. (TSX-V: STG) ("Stone Gold" or the "Company") is pleased to announce that it has completed a non-broke
About this update from Copper Road Resources Inc
[{"type":"text","content":" TORONTO, Nov. 17, 2021 (GLOBE NEWSWIRE) -- Stone Gold Inc. (TSX-V: STG) (\"Stone Gold\" or the \"Company\") is pleased to announce that it has completed a non-brokered private placement for aggregate gross proceeds of $500,000 (the “Offering”). The Offering consisted of the sale of 5,000,000 units (the “Units”) at a price of $0.10 per Unit. Each Unit consists of one (1) common share of the Company (a “Share”), and one (1) common share purchase warrant (a “Warrant”), with each Warrant entitling the holder thereof to acquire one additional common share of the Company at a price of $0.15 for a period of twenty-four (24) months following the closing of the Offering. The Company can elect to accelerate the expiry of the Warrants in the event that the volume-weighted average trading price of the Shares on a stock exchange equals or exceeds $0.30 for twenty (20) consecutive trading days, in which case the Warrants will expire thirty (30) days after the date that the Company provides written notice of acceleration. The proceeds from the issuance of the Units will be used primarily for exploration activities at the Company’s properties, as well as for general corporate purposes. In connection with the Offering, eligible finders were paid $10,500 in cash compensation for their assistance with the Offering. 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. 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-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Stone Gold. Forward-looking statements include estimates and statements that describe Stone Gold's future plans, objectives or goals, including words to the effect that Stone Gold or its management expects a stated condition or result to occur. Forward-looking...