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Sandy Lake Gold Inc. Announces Closing of Final Tranche of $2,750,000.00 Private Placement
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. TORONTO, March 28, 2019 (GLOBE NEWSWIRE) -- Sandy Lake Gold Inc. (“Sandy Lake”
About this update from G2 Goldfields, Inc.
[{"type":"text","content":" NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. TORONTO, March 28, 2019 (GLOBE NEWSWIRE) -- Sandy Lake Gold Inc. (“Sandy Lake” or the “Corporation”) (TSX-V:SLAU) is pleased to announce that it has closed the third and final tranche of its previously announced non-brokered private placement financing, pursuant to which it has issued an aggregate of 6,609,000 units (the “Units”) at a price of $0.10 per Unit for aggregate gross proceeds of $660,900 (the “Final Tranche Closing”). Each Unit is comprised of one common share in the capital of the Corporation (a “Share”) and one-half of one (1/2) share purchase warrant. Each whole share purchase warrant is exercisable to purchase one additional Share at a price of $0.20 for a period of 24 months from the Final Tranche Closing, provided that if at any time after July 29, 2019, the closing price of the Shares on the principal market on which such Shares trade is at least $0.30 for more than 20 consecutive trading days, the expiry date will be accelerated to the date which is 30 days following the dissemination by the Corporation of a press release announcing such acceleration. All securities issued and issuable in connection with the Final Tranche Closing are subject to a statutory hold period expiring on July 29, 2019. The Offering remains subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. About Sandy Lake Gold Inc. Sandy Lake Gold Inc. is a Toronto based mineral exploration company focused on the exploration and development of the Sandy Lake Gold project in Canada and proposed to acquire the Aremu Oko and Peters Mine properties in Guyana. For further information please contact: Patrick SheridanExecutive Chairman & CEO(416) 628-5904Email: [email protected] Forward Looking Statements This news release contains certain forward-looking information and statements within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “may”, “might”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward-looking information and/or statements. Forward-looking statements and/or information are based on a number of materia...