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Kestrel Gold Inc. Announces Proposed Private Placement
CALGARY, AB / ACCESSWIRE / April 6, 2021 / Kestrel Gold Inc. (the " Corporation ") (TSXV:KGC...
About this update from Kestrel Gold Inc.
[{"type":"text","content":"Kestrel Gold Inc. Announces Proposed Private PlacementCALGARY, AB / ACCESSWIRE / April 6, 2021 / Kestrel Gold Inc. (the \"Corporation\") (TSXV:KGC) announces that it proposes to offer by way of a non-brokered private placement a combination of Common Share Units and Flow-Through Units, as defined below, to raise gross proceeds of up to $750,000 (the \"Offering\"):common share units (\"Common Share Units\") will be issued at a price of $0.10 per Common Share Unit. Each Common Share Unit will consist of one common share and one-half of one common share purchase warrant (each whole warrant called a \"Warrant\"), with each Warrant entitling the holder to acquire, for a period of 24 months from the date of issue at a price of $0.20 per common share for the first 18 months and at a price of $0.25 per common share thereafter; andflow-through units (\"Flow-Through Units\") will be issued at a price of $0.12 per Flow-Through Unit. Each Flow-Though Unit will consist of one common share issued on a flow-through basis pursuant to the Income Tax Act (Canada) (\"Flow-Through Share\") and one-half of one common share purchase warrant (each whole warrant called a \"Flow-Through Warrant\"), each Flow-Through Warrant entitling the holder to purchase one common share of the Corporation (\"Flow-Through Warrant Share\") on a non-flow-through basis for a period of 24 months from the date of issuance at a price of $0.20 per Flow-Through Warrant Share for the first 18 months and at a price of $0.25 per Flow-Through Warrant Share thereafter. Residents of British Columbia may be eligible on a flow-through basis from the Corporation for the Mineral Exploration Tax Credit related to the amount of their Flow-Through Units.Finders who introduce subscribers to the Offering will be paid a cash commission equal to 6% of the gross proceeds from the sale of Common Share Units and/or Flow-Through Units sold to such subscribers.Attributes of the Offering are as follows:The Offering will be made pursuant to various prospectus exemptions in all jurisdictions in Canada, including the exemption available to existing shareholders (the \"Existing Shareholder Exemption\"). The exemption available by virtue of receipt of suitability advice from a registered investment dealer (\"Investment Dealer Exemption\") is only available in Alberta, British Columbia, Saskatchewan, Man...