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Exploits Discovery Announces Closing of $4.1 Million Investment Including Strategic Investor Eric Sprott
Vancouver, British Columbia - TheNewswire - April 30th, 2021 - Exploits Discovery Corp. (“Exploits” or the “Company”) (CSE:NFLD) (CNSX:NFLD.CN) (OTC:NFLDF) (FSE
About this update from Epic Gold Corp.
[{"type":"text","content":"Vancouver, British Columbia - TheNewswire - April 30th, 2021 - Exploits Discovery Corp. (“Exploits” or the “Company”) (CSE:NFLD) (CNSX:NFLD.CN) (OTC:NFLDF) (FSE:634-FF) is pleased to announce the closing of the previously announced non-brokered private placement of $4,100,000 consisting of 8,200,000 units (the “Units”) at a price of $0.50 per Unit (the “Private Placement”). Each Unit consists of one common share (“Common Share”) and one common share purchase warrant (“Warrant”). Each Warrant entitles the holder to acquire one Common Share at an exercise price of $0.67 for a period of 24 months immediately following the closing date of the Private Placement. Michael Collins, President, CEO & Director stated “We are honoured to have Mr. Sprott’s support as we move to drill our projects in the Exploits Subzone Gold Belt in Newfoundland. The additional funds will allow us to improve our target definition on existing targets, refine additional targets in the pipeline and to expand our drilling budget to drill more holes and meters. This commitment is what makes Discovery.” Mr. Eric Sprott, through 2176423 Ontario Ltd., a corporation which is beneficially owned by him, acquired 4,000,000 Units and, through Lariscan Enterprises Ltd., a corporation which is controlled by him, acquired 4,000,000 Units under the Private Placement for total consideration of $4,000,000. As a result of the Private Placement, Mr. Sprott beneficially owns and controls 8,000,000 Common Shares of the Company and 8,000,000 Warrants representing approximately 9.6% of the issued and outstanding Common Shares of the Company on a non-diluted basis and approximately 17.5% on a partially diluted basis assuming exercise of the Warrants. Prior to the Financing, Mr. Sprott did not beneficially own or control any securities of the Company. The Units were acquired by Mr. Sprott for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities of the Company including on the open market or through private acquisitions or sell securities of the Company including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other factors that Mr. Sprott considers relevant from time to time. A copy of Sprott's early warning report will appear on...