Treasury Metals Completes $8.0 Million Offering

About this update from Nexgold Mining Corp.

[{"type":"text","content":"\n\n\n\nTreasury Metals Completes $8.0 Million Offering\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, May 15, 2017\n\n\n\nTSX: TML\n\nNOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES \n\n\n\nTORONTO, May 15, 2017 /CNW/ - Treasury Metals Inc. (TSX: TML \"Treasury Metals\" or the \"Company\") is pleased to announce that it has completed its previously announced short form prospectus offering of 12,400,000 units of the Company (the \"Units\"), at a price of $0.65 per Unit, for gross proceeds of $8.06 million (the \"Offering\"). The Offering was co-led by Haywood Securities Inc. and PI Financial Corp. and included Canaccord Genuity Corp.\n\nEach Unit sold under the Offering consisted of one common share (a \"Common Share\") of the Company and one half of one Common Share purchase warrant (each whole Common Share purchase warrant, a \"Warrant\"). Each Warrant will entitle its holder to acquire one Common Share at an exercise price of $0.95 for a period of 24 months from the date of issuance.  \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 Units issued under the Offering were offered by way of a short form prospectus in the provinces of British Columbia, Alberta and Ontario. Copies of the final short form prospectus dated May 10, 2017 and documents incorporated therein are available electronically under Company's profile on SEDAR at www.sedar.com.   \n\nThe Units, Common Shares and Warrants, as well as Common Shares issuable upon exercise of the Warrants, have not and will not be registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\"), or any securities or \"blue sky\" laws of any of the states of the United States. Accordingly, such securities may not be offered or sold within the United States except in accordance with an exemption from the registration requirements of the U...

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