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Wildcat Announces Non-Brokered Private Placement
Wildcat Announces Non-Brokered Private Placement.
About this update from Fuse Battery Metals Inc
[{"type":"text","content":"\n\n\n\nWEL - TSXV\n\n\nWINNIPEG, Aug. 21 /CNW/ - Wildcat Exploration Ltd. (WEL: TSX-V) (the\n"Company") is pleased to announce that it has arranged, subject to regulatory\napproval, a non-brokered private placement of up to 2,800,000 flow-through\ncommon shares ("Flow-Through Shares") at a price of $0.25 per share, and up to\n1,500,000 non-flow-through common shares ("Non-Flow-Through Shares") at a\nprice of $0.20 per share, for gross proceeds of up to $1,000,000.\n\n\nThe proceeds from the sale of the Flow-Through Shares will be used for\nexploration in the Company's projects in Canada and the proceeds from the sale\nof the Non-Flow-Through Shares will be used for working capital purposes. The\nCompany is to pay a cash finder's fee of 5% of the gross proceeds raised from\nthe financing and to issue finders' warrants to purchase up to 215,000\nflow-through common shares at a price of $0.25 per share for one year, in\nconnection with investors introduced by the finder to the Company.\n\n\nWildcat Exploration Ltd. is a Winnipeg-based company exploring for gold\nand base metals in Canada. Its portfolio includes: (1) the Foster River zinc\nproject in Saskatchewan, (2) three gold properties and one gold and platinum\ngroup element (PGE) property in the Rice Lake greenstone belt in Manitoba, and\n(3) two PGE properties in the Snow Lake area of Manitoba. As the Company\nbuilds its property portfolio, Wildcat welcomes proposals from owners of\nadvanced Canadian exploration properties.\n\n\nThe TSX Venture Exchange does not accept responsibility for the adequacy\n\n\nor accuracy of this release.\n\n\nFor further information on the Company please visit our website at\nwww.wildcat.ca or contact us at [email protected]. The Company's public filings,\nincluding its most recent audited consolidated financial statements, can be\nreviewed on the SEDAR website (www.sedar.com).\n\n\nThis news release may contain "forward-looking information", within the\nmeaning of applicable Canadian securities legislation. Forward-looking\ninformation includes, but is not limited to, statements with respect to\nWildcat's exploration program and plans. Generally, forward-looking\ninformation can be identified by the use of forward-looking terminology such\nas "plans", "seeks", "expects", "...