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Goldplay Announces Private Placement and Debt Settlement
Goldplay Announces Private Placement and Debt Settlement Canada NewsWire VANCOUV...
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[{"type":"text","content":"\n\n\n\nGoldplay Announces Private Placement and Debt Settlement\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, June 17, 2019\n\n\n\nVANCOUVER, June 17, 2019 /CNW/ - Goldplay Exploration Ltd. (TSXV: GPLY, OTCQB: GLYXF) (\"Goldplay\" or the \"Company\") is pleased to announce that the Company will undertake a private placement (the \"Offering\") of up to 8,800,000 common shares at a price of $0.125 per share for gross proceeds of up to $1,100,000. The proceeds of the Offering will be used for exploration on the Company's San Marcial property in Mexico and general and administration costs for its operations in Mexico and Canada.\n\n \n \n\n \nThe Company may pay finders' fees comprised of cash and/or warrants in connection with the Offering, subject to compliance with the policies of the TSX.V. Completion of the Offering and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSX.V.\nSubject to regulatory approval, it is proposed that certain directors and officers of the Company (the \"Insiders\") will participate in the Offering and purchase an aggregate of 3,220,000 common shares for aggregate gross proceeds of $402,500 (Marcio Fonseca, the Company's President, CEO and a director, will purchase 2,100,000 shares for $262,500; Gino DeMichele, a director of the Company, will purchase 800,000 shares for $100,000; and Trevor Woolfe, the Company's VP Corporate Development & Exploration, will purchase 320,000 shares for $40,000). Participation by Insiders in Offering is considered a \"related party transaction\" pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (\"MI 61-101\"). The Company is exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the Insiders' participation in the Offering in reliance of sections 5.5(a) and 5.7(a) of MI 61-101, respectively, on the basis that participation in the Offering by the Insider...