Treasury Metals Closes $5 Million Equity Financing

About this update from Nexgold Mining Corp.

[{"type":"text","content":"\n\n\n\nTreasury Metals Closes $5 Million Equity 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\n\nCanada NewsWire\nTORONTO, June 25, 2018\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ \n\nTSX:TML\n\n\n\nTORONTO, June 25, 2018 /CNW/ - Treasury Metals Inc. (TSX: TML \"Treasury Metals\" or the \"Company\") is pleased to announce it has closed a non-brokered private placement financing on June 25, 2018 (the \"Offering\"). The Company issued 11,904,762 units (the \"Units\") at a price of CAD$0.42 per Unit for total gross proceeds of CAD$5 million. \n\nEach Unit is comprised of one (1) common share in the capital of the Company (each a \"Common Share\") and one Common Share purchase warrant (each a \"Warrant\") with each Warrant being exercisable for a period of 60 months after the closing of the Offering to acquire one (1) additional Common Share (\"Warrant Share\") at a purchase price of CAD$0.60 per Warrant Share.\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\nThe securities issued pursuant to the Offering are subject to a statutory four-month hold period which will expire on October 26, 2018.\n\nThe securities issued pursuant to the Offering have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. \n\nTo view further details about the Goliath Gold Project, please visit the Company's website at www.treasurymetals.com.\n\nAbout Treasury Metals Inc.:\n\nTreasury Metals is a gold focused exploration and development company with assets in Ontario, Canada and is listed on the Toronto Stock Exchange (\"TSX\") under the symbol \"TML\". Treasury Metals Inc.'s 100% owned Goliath Gold Project in northwestern Ontario is slated to become one of Canad...

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