Business
Warrior Gold Closes $936,805 Oversubscribed Financing
Warrior Gold Closes $936,805 Oversubscribed Financing Canada NewsWire VANCOUVER,...
About this update from Kirkland Lake Discoveries Corp.
[{"type":"text","content":"\n\n\n\nWarrior Gold Closes $936,805 Oversubscribed Financing\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\nVANCOUVER, March 20, 2019\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n VANCOUVER, March 20, 2019 /CNW/ - Warrior Gold Inc. (TSX-V - WAR) (\"Warrior Gold\" or the \"Company\") is pleased to announce that it has closed the previously announced private placements (see news releases dated January 21, 2019, February 2, 2019 and February 21, 2019) of flow-through shares and common share units with combined gross cash proceeds received of  $936,805.   \nThe Company issued a total of 12,782,927 common share units at a price of $0.07 per unit (the \"Units\") for aggregate proceeds of $894,805. Each Unit consists of one common share and one-half of one common share purchase warrant (each whole warrant, a \"Warrant\").  Each Warrant entitles the holder to acquire one additional common share of the Company for a period of 12 months from the date of issue at a price of $0.15 per commons share, provided that should the Company's shares trade at $0.30 per share or greater for a period of 20 consecutive trading days following the expiry of the four month hold period, the Warrants can be accelerated by the Company providing notice to Warrant holders and in such instance, the Warrants will expire 30 days thereafter.  Insiders of the Company subscribed for an aggregate of 2,998,571 Units for gross proceeds of $209,900 under the Private Placement.\nAs certain insiders of Warrior Gold participated in this Private Placement, 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 and the shareholder approval requirement of MI 61-101.\nThe Company also issued 420,000 flow-through shares at a price of $0.10 per share (\"FT Shares\") for aggregate proceeds of $42,000. ...