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Exploits Discovery Corp. Announces DTC Eligibility of its Common Shares Trading in the United States and Amends Terms of Flow Through Offering
Vancouver, British Columbia - TheNewswire - March 1, 2021 - Exploits Discovery Corp. (“Exploits” or the “Company”) (CNSX:NFLD.CN) (OTC:RNRRF) (FSE:634-FF) is pl
About this update from Epic Gold Corp.
[{"type":"text","content":"Vancouver, British Columbia - TheNewswire - March 1, 2021 - Exploits Discovery Corp. (“Exploits” or the “Company”) (CNSX:NFLD.CN) (OTC:RNRRF) (FSE:634-FF) is pleased to announce that the Company’s common shares are now eligible for electronic clearing and settlement through the Depository Trust Company (“DTC”) in the United States. The Company’s common shares are traded on the OTCQB under the symbol “RNRRF”. DTC is a subsidiary of the Depository Trust and Clearing Corporation, a United States company that manages the electronic clearing and settlement of publicly traded companies. DTC services reduces costs and accelerates the settlement process for investors and brokers trading Canadian securities in the United States. The majority of United States securities trading companies rely on DTC for their stock clearing and settlement services. Michael Collins, President and CEO of Exploits commented, “DTC eligibility is a large step forward for Exploits, reducing friction for US investors as we work to increase liquidity, broaden our shareholder base and build a strong presence for the Company in the US capital markets.” The Company also announces that, further to its news release dated February 25, 2021, it has amended the terms of its Offering to include the issuance of up to 5,102,040 flow through units (the “FT Units”) at a price of $0.49 per FT Unit. The FT Units will replace the previously stated 5,102,040 flow through common shares (the “Flow Through Shares”). Each FT Unit will be comprised of one flow through common share and one share purchase warrant (a “Warrant”). Each Warrant entitles the holder to purchase one non-flow through common share of the Company at a price of $0.67 per share for a period of two years from the closing of the Offering. If the closing price of the common shares of the Company is higher than $1.00 for a period of 20 consecutive trading days at any time after six months following the closing date, the Company can accelerate the expiry date of the Warrants 30 days after the Company gives notice of such acceleration. The Company will continue to issue up to 3,333,333 non-flow through units at a price of $0.45 per unit. Exploits has engaged Canaccord Genuity Corp. to act as its financial advisor for the Offering. Stock issued through this financing will be subject to a hold period of four mo...