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Warrior Gold Announces First Tranche Closing of Private Placement
Warrior Gold Announces First Tranche Closing of Private Placement Canada NewsWire ...
About this update from Kirkland Lake Discoveries Corp.
[{"type":"text","content":"\n\n\n\nWarrior Gold Announces First Tranche Closing of Private Placement\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Sept. 26, 2019\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n TORONTO, Sept. 26, 2019 /CNW/ - Warrior Gold Inc. (TSX-V - WAR) (\"Warrior Gold\" or the \"Company\") is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement of up to $1,500,000 (\"the Offering\") raising gross proceeds of $859,983 through the issuance of 4,400,000 flow-through units (\"FT Units\") and 4,666,478 hard dollar units (\"HD Units\"). \nEach FT Unit was priced at $0.10 and comprises one flow-through common share and one-half of one common share purchase warrant (a \"FT Warrant\") and each HD Unit was priced at $0.09 and comprises one common share and one-half of one common share purchase warrant (a \"HD Warrant\") of the Company. Each whole FT Warrant and HD Warrant will entitle the holder, on exercise, to purchase one additional common share of the Company (a \"Warrant Share\"), at a price of $0.15 per Warrant Share for one year post the closing date, provided, however, that, if at any time following the expiry of the statutory four month hold period, the closing price of the common shares on the TSX Venture Exchange (the \"TSXV\") is greater than $0.30 for 20 or more consecutive trading days, the Warrants will be accelerated and will expire on the 30th business day following the date of notice of such acceleration. \nAs certain insiders of Warrior Gold participated in the Offering, it is deemed to be a \"related party transaction\" as defined under Multilateral Instrument 61-101-Protection of Minority Security Holders in Special Transactions (\"MI 61-101\"). The Company is exempt from the formal valuation requirement of Section 5.4 of MI 61-101 pursuant to Subsection 5.5(b) of MI 61-101 and exempt from the minority approval requirements of Section 5.6 of MI 61-101 pursuant to Subsection 5.7(a) of MI...