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Labrador Gold Announces Private Placement Financing
VANCOUVER, British Columbia, July 09, 2018 (GLOBE NEWSWIRE) -- Labrador Gold Corp. (TSX-V:LAB) (“Labrador Gold” or the “Company”) announced today its intention
About this update from Labrador Gold Corp
[{"type":"text","content":" VANCOUVER, British Columbia, July 09, 2018 (GLOBE NEWSWIRE) -- Labrador Gold Corp. (TSX-V:LAB) (“Labrador Gold” or the “Company”) announced today its intention to complete a non-brokered private placement offering (the \"Private Placement\") of up to 10,200,000 units (“Units”) at a price of $0.25 per Unit for aggregate gross proceeds of up to $2,550,000. Each Unit will comprise one common share of the Company (“Share”) and one-half of a warrant (“Warrant”). Each whole Warrant entitles the holder thereof to purchase one additional Share at a price of $0.35 for a period of 24 months from closing. The Company further announces that it intends to complete a non-brokered private placement of up to 1,500,000 flow-through units (\"FT Units\") at a price of $0.30 per Unit for aggregate gross proceeds of up to $450,000 (the \"FT Offering\"). Each FT Unit will be comprised of one flow-through common share (\"FT Share\") and one-half of a warrant (“Warrant”). Each whole Warrant entitles the holder thereof to purchase one additional Share at a price of $0.40 for a period of 24 months from closing. The Private Placement is subject to regulatory approval, including approval of the TSX Venture Exchange. For further details, please contact the Company. All securities issued in connection with the Private Placement will be subject to a hold period of four months from the date of closing. The Company may pay a Finder’s Fee on all or a portion of the Private Placement and FT Offering. The net proceeds from the Private Placement will be used by the Company to continue exploration on its Labrador properties and for general working capital purposes. The securities offered pursuant to the Private Placement have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or applicable state securities laws, and may be not be offered or sold in the United States absent registration or an exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. About Labrador Gold: Labrador Gold is a Canadian based mineral exploration company focused on the acquisition and exploration of prospective gold projects in the Ame...