Business
Warrior Gold Announces $1.25 Million Non-Brokered Private Placement Offering
TORONTO / Aug 13, 2021 / Business Wire / Warrior Gold Inc. (TSX-V - WAR) (“Warrior Gold” or the “Company”) is pleased to announce a non-brokered private placeme
About this update from Kirkland Lake Discoveries Corp.
[{"type":"text","content":"TORONTO / Aug 13, 2021 / Business Wire / Warrior Gold Inc. (TSX-V - WAR) (“Warrior Gold” or the “Company”) is pleased to announce a non-brokered private placement to raise up to $1.25 million through the issuance of a combination of common share units (the “Units”), flow-through share units (the “FT Units”) and Charity flow-through share units (the “Charity FT Units”) of the Company at a price of $0.08 per Unit, $0.10 per FT Unit, and $0.105 per Charity Ft Unit (the “Offering”). Each Unit will comprise one common share and one-half common share purchase warrant (each whole common share purchase warrant, a “Warrant”), and in the case of the FT Units and the Charity FT Units, one flow-through share, and a Warrant (as defined above). Each Warrant will entitle the holder to purchase one additional common share in the capital of the Company for a period of 18 months from the date of closing of the Offering, at a purchase price of $0.15 per common share, provided, however, that, if, at any time following the statutory four month hold period, the closing price of the common shares of the Company on the TSX Venture Exchange is greater than $0.20 for 20 or more consecutive trading days, the Warrants will be accelerated and will expire on the 30th business day following the date of such notice. The Company may pay finders’ fees on a portion of the Offering in accordance with applicable securities laws and the policies of the TSX Venture Exchange. All securities issued under the Offering will be subject to a four month and one day “hold period” under applicable Canadian securities legislation. The Offering is subject to approval of the TSX Venture Exchange. The proceeds from the sale of the Units will be utilized by the Company for working capital and general corporate purposes and the proceeds from the sale of the FT Units and Charity FT Units will be used by the Company to incur eligible \"Canadian exploration expenses\" that will qualify as \"flow-through mining expenditures\" as such terms are defined in the Income Tax Act (Canada) related to the Company's properties located in Kirkland Lake, Ontario. About Warrior Gold Inc. Warrior Gold is a TSX Venture Exchange-listed company that owns the Goodfish-Kirana Property and the Arnold Property and has an option on the Kirkland Lake West and Central properties, all located just several kilo...