Treasury Metals Announces Private Placement Financing

About this update from Nexgold Mining Corp.

[{"type":"text","content":"\n\n\n\nTreasury Metals Announces Private Placement Financing\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nTreasury Metals Announces Private Placement Financing\nCanada NewsWire\nTORONTO, April 27, 2016\n\n\n\nTSX: TML \n\n\n\nTORONTO, April 27, 2016 /CNW/ - Treasury Metals Inc. (\"Treasury Metals\" or the \"Company\") is pleased to announce that it has entered into an agreement with Haywood Securities Inc. (the \"Agent\") to raise aggregate gross proceeds of up to C$2.0 million in units (\"Units\") at a price of C$0.48 per Unit (the \"Offering\") on a commercially reasonable efforts private placement basis.   \n\nEach Unit shall consist of one common share in the Company and one half of one common share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant shall be exercisable into one common share of the Company at an exercise price of C$0.70 for a period of 24 months from the closing date.    \n\nThe Company will grant the Agent an option to sell additional Units (the \"Over-Allotment Units\") to raise additional gross proceeds of up to C$1.0 million.\n\nThe net proceeds of the Offering will be used to fund the advancement of the Company's Goliath Gold Project, and for working capital and general corporate purposes. \n\nClosing of the Offering is anticipated to occur on or about May 18, 2016 (the \"Closing\"). Closing of the Offering is subject to receipt of regulatory approvals, including the acceptance of the Offering by the Toronto Stock Exchange. \n\nThe Company has agreed to pay the Agent a cash commission of 6.0% of the gross proceeds raised under the Offering. The Agent will also receive compensation options (the \"Compensation Options\") exercisable at any time from the Closing to the day prior to the date that is 24 months from the Closing to purchase that number of common shares of the Company which is equal to 6.0% of the aggregate number of Units issued pursuant to the Offering with an exercise price per Compensation Option that is equal to the exercise price of the Warrants.\n\nThe common shares and Warrants c...

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