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Independence Gold Announces $1.5 Million Financing
VANCOUVER, British Columbia., Dec. 02, 2021 (GLOBE NEWSWIRE) -- Independence Gold Corp. (TSX.V: IGO) (the "Company") wishes to announce a proposed equity financ
About this update from Independence Gold Corp.
[{"type":"text","content":" VANCOUVER, British Columbia., Dec. 02, 2021 (GLOBE NEWSWIRE) -- Independence Gold Corp. (TSX.V: IGO) (the \"Company\") wishes to announce a proposed equity financing (the “Financing”) of up to a maximum of 15,000,000 shares comprised of up to 15,000,000 flow-through common shares (the “FT Shares”) or up to 15,000,000 units (each a “Unit”). Both the FT Shares and Units will be offered at a price of $0.10 for a maximum aggregate proceeds of $1,500,000, and a combined total of a maximum 15,000,000 shares issued. Each Unit will consist of one common share of the Company (a “Share”) and one-half of one common share purchase warrant. Each whole warrant (a “Warrant”) will entitle the holder to purchase one additional Share at an exercise price of $0.15 per common share for a period of 24 months. Subject to compliance with applicable securities laws and the approval of the Exchange, finders’ fees may be payable to eligible arm’s length persons with respect to certain subscriptions accepted by the Company. The net proceeds from the Offering will be used by the Company to fund a winter exploration program at the Company’s 3Ts Property located in central British Columbia, expected to commence in February 2022, and may also be used for general and administrative purposes. Closing of the Offering is subject to receipt of applicable regulatory approvals including the approval of the TSX Venture Exchange. The securities issued will be subject to a four month hold period. ON BEHALF OF THE BOARD OF INDEPENDENCE GOLD CORP. “Randy Turner” Randy Turner, President and CEO Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. All statements in this press release, other than statements of historical fact, are \"forward-looking information\" with respect to Independence within the meaning of applicable securities laws, including statements with respect to the Company’s planned drilling and exploration activities. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inher...