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Leopard Lake Gold Announces Closing of Final Tranche of $805 Unit Non-Brokered Private Placement
Vancouver, British Columbia – TheNewswire - November 10, 2022 - Leopard Lake Gold Corp. (the "Company" or "Leopard Lake") (CSE:LP) announces that, further to it
About this update from Leopard Lake Gold Corp.
[{"type":"text","content":"Vancouver, British Columbia – TheNewswire - November 10, 2022 - Leopard Lake Gold Corp. (the \"Company\" or \"Leopard Lake\") (CSE:LP) announces that, further to its news release dated October 27, 2022, the Company has closed the second and final tranche of its non‑brokered private placement (the \"Offering\") through the issuance of 356 units (each, a \"Unit\") at a subscription price of $805 per Unit for gross proceeds of $286,580. The Company has now issued an aggregate of 728 Units for aggregate gross proceeds of $586,040 under the Offering. Each Unit consists of 4,500 \"flow-through\" common shares (each, an \"FT Share\"), 1,000 \"non-flow-through\" common shares (each, a \"Non-FT Share\"), and 1,000 common share purchase warrants (each, a \"Warrant\"), with each Warrant entitling the holder thereof to purchase one \"non-flow-through\" common share in the capital of the Company (each, a \"Warrant Share\") at an exercise price of $0.25 per Warrant Share for a period of 24 months from the date of issuance. The proceeds raised from the issuance of the Units are intended to be used for exploration work on the Company's projects and for general working capital. No finders fees were paid in connection with the closing of the Offering and all securities issued in connection with the Offering will be subject to a four-month and one day hold period in Canada. Early Warning Disclosure Daniel Bélanger (the \"Acquiror\") makes the following announcement in accordance with National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues and National Instrument 62-104 Take-Over Bids and Issuer Bids. Pursuant to the closing of the second tranche of the Offering, the Company issued to the Acquiror, and the Acquiror purchased from the Company, 249 Units at a price of $805 per Unit for a purchase price of $200,445 (the \"Acquisition\"). Each Unit consists of 4,500 FT Shares, 1,000 Non-FT Shares and 1,000 Warrants. Immediately prior to the Acquisition, the Acquiror beneficially owned and had control and direction over 2,046,000 Shares and 372,000 Warrants representing approximately 8.25% (9.60% on a partially diluted basis) of the then issued and outstanding Shares. As a result of the Acquisition, the Acquiror beneficially owns and has cont...