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Leopard Lake Gold Announces Closing of First Tranche of $805 Unit Non-Brokered Private Placement
Vancouver, British Columbia - TheNewswire - October 27, 2022: Leopard Lake Gold Corp. (the "Company" or "Leopard Lake") (CSE:LP) is pleased to announce the clos
About this update from Leopard Lake Gold Corp.
[{"type":"text","content":"Vancouver, British Columbia - TheNewswire - October 27, 2022: Leopard Lake Gold Corp. (the \"Company\" or \"Leopard Lake\") (CSE:LP) is pleased to announce the closing of the first tranche (the \"First Tranche\") of its non‑brokered private placement (the \"Offering\") through the issuance of 372 units (each, a \"Unit\") at a subscription price of $805 per Unit for gross proceeds of $299,460. 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 closing of the First Tranche. 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. All securities issued in connection with the Offering will be subject to a four-month and one day hold period in Canada. This news release does not constitute an offer of sale of any of the foregoing securities in the United States. None of the foregoing securities have been and will not be registered under the U.S. Securities Act of 1933, as amended (the \"1933 Act\") or any applicable state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) or persons in the United States absent registration or an applicable exemption from such registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the foregoing securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. Leduc Gold Project Update The Company also announces that it is preparing to commence the Phase I exploration program on the Leduc Gold Project (the \"Leduc Project\"), as set out in the independent technical report prepared by Scot Halladay dated July 19, 2021 and dated effective July 19, 2021, and entitled \"NI 43-101 Independent Technical Report on the Leduc Gold...