Business
Leopard Lake Gold Corp. Completes Initial Public Offering and Lists on the Canadian Securities Exchange
Vancouver, British Columbia – TheNewswire - October 5, 2021: Leopard Lake Gold Corp. (the "Company" or "Leopard Lake") (CSE: LP) (CNSX:LP.CN) is pleased to anno
About this update from Leopard Lake Gold Corp.
[{"type":"text","content":"Vancouver, British Columbia – TheNewswire - October 5, 2021: Leopard Lake Gold Corp. (the \"Company\" or \"Leopard Lake\") (CSE: LP) (CNSX:LP.CN) is pleased to announce that on October 5, 2021, it completed its initial public offering (the \"IPO\") of 3,690,000 common shares in its capital (each a \"Share\"), 190,000 of which were sold pursuant to an over-allotment option, at a price of $0.10 per Share for gross proceeds of $369,000. The net proceeds from the IPO will be used for working capital and to carry out exploration of the Company's Leduc Gold Project which covers an area of approximately 2,290 hectares near Jellicoe, Ontario, Canada, within the Thunder Bay Mining Division. Canaccord Genuity Corp. acted as agent (the \"Agent\") for the IPO. In consideration for the services provided by the Agent, the Company paid the Agent a cash commission equal to 10% of the gross proceeds of the IPO and a corporate finance fee of $25,000. Additionally, the Company granted the Agent and its selling group compensation warrants entitling the holder to purchase in aggregate 369,000 Shares at a price of $0.10 per Share, exercisable on or before October 5, 2026. The Shares were listed on the Canadian Securities Exchange on October 4, 2021 and are expected to begin trading on October 6, 2021 under the symbol \"LP\". The offered securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\"), or any applicable state securities laws and may not be offered or sold in the United States or to \"U.S. persons\", as such term is defined in Regulation S under the U.S. Securities Act, absent such registration or an applicable exemption from such registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy the offered securities in any jurisdiction. About Leopard Lake Gold Corp. Leopard Lake is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration program on the Leduc Gold Project. The Leduc Gold Project consists of 9 unpatent...