Business
Gold'n Futures Non-Brokered Private Placement of Units
(TheNewswire) VANCOUVER, BC – TheNewswire – November 21, 2023 - ...
About this update from Gold'n Futures Mineral Corp.
[{"type":"text","content":"Gold'n Futures Non-Brokered Private Placement of Units\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n VANCOUVER, BC –\n \n \n TheNewswire\n \n \n –\n \n \n November 21, 2023 -\n \n \n GOLD’N FUTURES MINERAL CORP\n \n \n . (CSE:FUTR)\n(FSE:G6M), (OTC:GFTRF) (the “\n \n \n Company\n \n \n ” or “\n \n \n Gold’n Futures\n \n \n ”)\nis pleased to report the closing of its non-brokered private placement\noffering of units (the “\n \n \n Private Placement\n \n \n ”) of the Company as\nannounced on October 31, 2023.  All securities issued in connection\nwith the Private Placement are subject to a hold period that expires\nMarch 18, 2024.  Gold’n Futures has issued 11,500,000 units to\nraise gross proceeds of $115,000.  In addition, the Company will pay\nfinders’ fees of $11,500 in cash, 805,000 common shares and 805,000\nshare purchase warrants (as defined below).\n \n \n \n \n Each unit (“\n \n \n Unit\n \n \n ”) consists of one common share of the\nCompany (“\n \n \n Common\nShare\n \n \n ”) and one Common Share purchase warrant\n(“\n \n \n Warrant\n \n \n ”), with each Warrant entitling the holder to purchase one\nadditional Common Share at a price of C$0.05, at any time prior to the\ndate which is sixty (60) months from the closing of the private\nplacement (“\n \n \n Closing\nDate\n \n \n ”); provided that, if at any time after\nthe Closing date, the volume weighted average trading price of the\nCommon Shares on the CSE is at least C$0.10 per share for the\npreceding ten (10) consecutive trading days, the Company has the right\nto accelerate the expiry date of the Warrants issued under the\nOffering (“\n \n \n Warrant\nAcceleration Right\n \n \n ”) by way of written notice\nand press release. Subject to the Warrant Acceleration Right, the\nexpiry date of the Warrants shall occur thirty (30) days from the end\nof the abovementioned ten (10) consecutive trading days and any\nWarrants not exercised during the thirty (30) day term shall\nexpire.\n \n \n \n \n The Company intends to use the proceeds of the Offering\nfor general working capital purposes and exploration expenses.\n \n \n \n \n Qualified Person\n \n \n \n The scientif...