Business
Eskay Mining Corp Announces Non-Brokered Private Placement
TORONTO, ON / ACCESSWIRE / May 22, 2020 / Eskay Mining Corp. ("Eskay" or the "Company") (TSXV...
About this update from Eskay Mining Corp
[{"type":"text","content":"Eskay Mining Corp Announces Non-Brokered Private PlacementTORONTO, ON / ACCESSWIRE / May 22, 2020 / Eskay Mining Corp. (\"Eskay\" or the \"Company\") (TSXV:ESK)(OTC PINK:ESKYF)(Frankfurt:KN7) (WKN:A0YDPM) wishes to announce that it is commencing a private placement offering of up to 5,900,000 flow-through units (the \"FT Units\") of the Company at a price of $0.255 per FT Unit for up to $1,504,500 and up to 3,000,000 working capital units (\"WC Unit\") at a price of $0.17 per WC Unit for up to $510,000 (the \"Offering\") to fund its 2020 exploration.Each FT Unit comprises one (1) common share of the Company and one-half (½) of one (1) common share purchase warrant. Each full warrant (a \"Warrant\") entitles the holder to acquire one (1) common share at a price of $0.30 for two (2) years from the closing of the Offering (the \"Closing\").Each WC Unit comprises one (1) common share of the Company and one-half (½) of one (1) common share purchase warrant. Each full warrant (a \"WC Warrant\") entitles the holder to acquire one (1) common share at a price of $0.30 for two (2) years from the Closing.All securities to be issued pursuant to the Offering will be subject to a statutory four month and one day hold period from the Closing and regulatory approval.The proceeds from the Offering will be used for general working capital and to fund the Company's 2020 exploration program.About Eskay Mining Corp:Eskay Mining Corp (TSX-V:ESK) is a TSX Venture Exchange listed company, headquartered in Toronto, Ontario. Eskay is an exploration company focused on the exploration and development of precious and base metals along the Eskay rift in a highly prolific region of northwestern British Columbia known as the \"Golden Triangle\", approximately 70km northwest of Stewart, BC. The Company currently holds mineral tenures in this area comprised of 177 claims (130,000 acres).All material information on the Company may be found on its website at www.eskaymining.com and on SEDAR at www.sedar.com.For further information, please contact:Mac BalkamPresident & Chief Executive OfficerT: 416 907 4020E: [email protected] Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-Looking St...