Gladiator Metals Corp. Announces Private Placement

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[{"type":"text","content":"Gladiator Metals Corp. Announces Private PlacementVancouver, British Columbia--(Newsfile Corp. - February 27, 2023) - Gladiator Metals Corp. (TSXV: GLAD) (\"Gladiator\" or the \"Company\") is pleased to announce a non-brokered private placement to raise gross proceeds of up to C$3.1 million consisting of flow-through shares (the \"FT Shares\") offered at a price of $0.37 per FT Share and units (the \"Units\") offered at a price of $0.35 per Unit (the \"Offering\").Each Unit will be comprised of one common share (a \"Share\") and one half of one common share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant will be exercisable at a price of $0.55 into one common share for a period of 18 months from the date of issuance.Gladiator intends to use the net proceeds of the Offering for exploration at the Company's Whitehorse Gold Project in the Yukon and for general working capital purposes.The Offering is expected to close on or about March 15, 2023 and is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the conditional approval of the TSX Venture Exchange. The Company may pay finders' fees under the offering in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The securities issued under the Offering will be subject to a hold period under applicable securities laws in Canada expiring four months and one day from the closing date of the Offering.The FT Shares will qualify as \"flow-through shares\" (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the \"Tax Act\")). An amount equal to the gross proceeds from the issuance of the FT Shares will be used to incur eligible resource exploration expenses which will qualify as (i) \"Canadian exploration expenses\" (as defined in the Tax Act), and (ii) as \"flow-through critical mineral mining expenditures\" (as defined in subsection 127(9) of the Tax Act) (collectively, the \"Qualifying Expenditures\"). Qualifying Expenditures in an aggregate amount not less than the gross proceeds raised from the issue of the FT Shares will be incurred (or deemed to be incurred) by the Company on or before December 31, 2024 and will be renounced by the Company to the initial purchasers of the FT Shares with an effective date no later than December 31, 2023.Member...

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