Business
ML Gold Closes C$1.6 Million Private Placement
Vancouver, British Columbia--(Newsfile Corp. - June 29, 2018) - ML Gold Corp. (TSXV: MLG) (FSE: X0VN) ("ML Gold" or the "Company") is pleased to announce the cl
About this update from M3 Metals Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - June 29, 2018) - ML Gold Corp. (TSXV: MLG) (FSE: X0VN) (\"ML Gold\" or the \"Company\") is pleased to announce the closing of its previously announced non-brokered private placement (the \"Private Placement\") announced June 13, 2018. Proceeds of the closing of the Private Placement are $1,624,000. The Private Placement consisted of the issuance of 12,737,500 non flow-through units (the \"NFT Units\") at a price of $0.08 per NFT Unit and 6,050,000 flow-through units (the \"FT Units\") at $0.10 per FT Unit. Each NFT Unit at $0.08 is comprised of one common share in the capital of the Company (each, an \"NFT Share\") and one full non-transferable share purchase warrant (the \"NFT Warrants\"). Each NFT Warrant is exercisable into one common share at a price of $0.12 for a period of two years. Each FT Unit at $0.10 is comprised of one flow-through common share (an \"FT Shares\") and one half of one non-transferable share purchase warrant (the \"FT Unit Warrants\"). Each full FT Unit Warrant is exercisable into one NFT Share at a price of $0.14 for a period of two years. The NFT Shares and FT Shares, including any NFT Shares issuable upon exercise of FT Warrants and NFT Warrants, all are subject to a hold period expiring on Oct 27, 2018. A total of $38,160, in cash, 357,000 NFT broker warrants and 296,000 FT broker warrants were issued as finder's fees on the Private Placement. The net proceeds from the Private Placement will be used for general working capital purposes and exploration of the Company's Stars Property. ABOUT ML GOLD CORP. ML Gold Corp. is a Canadian listed Company, focused on creating shareholder value through discoveries and strategic development of mineral properties in Canada and the United States. For additional information please visit the Company's website at www.mlgoldcorp.com. You may also email [email protected] or call investor relations at (604) 669-2279. ML GOLD CORP. \"Adrian Smith\" Adrian Smith President NEITHER THE TSX VENTURE EX...