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Hemlo Explorers Announces Increase to Private Placement Financing
TORONTO, Nov. 04, 2021 (GLOBE NEWSWIRE) -- Hemlo Explorers Inc. (the “Company”) (TSXV: HMLO) is pleased to announce that due to the high level of interest, it h
About this update from Rocky Shore Gold Limited
[{"type":"text","content":" TORONTO, Nov. 04, 2021 (GLOBE NEWSWIRE) -- Hemlo Explorers Inc. (the “Company”) (TSXV: HMLO) is pleased to announce that due to the high level of interest, it has increased the size of its non-brokered private placement (the \"Offering\") to now raise aggregate gross proceeds of up to $1,982,500 through the sale of up to 6,500,000 units (\"Units\") at a price of $0.225 per Unit and 2,000,000 flow through units (“FT Units”) at a price of $0.26 per FT Unit. The other terms of the Offering remain unchanged from the Company’s news release dated October 22, 2021. The proceeds of the FT Unit portion of the Offering will be used for the exploration and advancement of the Company’s Hemlo area properties, and the proceeds of the Unit portion of the Offering will be used for general corporate purposes. Any securities to be issued in connection with the Offering will be subject to a hold period of four months and one day from the date of issuance. The Company may pay finder’s fees on a portion of the Offering, subject to compliance with the policies of the TSX Venture Exchange and applicable securities legislation. The Offering remains subject to the approval of the TSX Venture Exchange. This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The 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 state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. About Hemlo Explorers Inc. Hemlo Explorers is a Canadian-based mineral exploration company with a portfolio of properties in Ontario and Nunavut. We are focused on generating shareholder value through the advancement of our main Hemlo area, including the Pic Project, North Limb, and Hemlo West. For more information please contact: Brian Howlett, President & CEOHemlo Explorers [email protected] (647) 227-3035 http://www.hemloexplorers.ca Forward-Looking Statements Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, including...