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Skyledger Tech Corp. Announces Closing Of Private Placement For $1.6 Million
Skyledger Tech Corp. Announces Closing Of Private Placement For $1.6 Million Ca...
About this update from Snowline Gold Corp.
[{"type":"text","content":"\n \n \n \n Skyledger Tech Corp. Announces Closing Of Private Placement For $1.6 Million\n \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 Canada NewsWire\n \n \n \n \n \n Not For Distribution To U.S. Newswire Services Or Disemmination In\n \n The United States\n \n \n \n \n \n VANCOUVER, British Columbia\n \n ,\n \n Jan. 20, 2021\n \n /CNW/ -- Skyledger Tech Corp. (the \"\n \n Company\n \n \" or \"\n \n Skyledger\n \n \") (CSE: SKYL) is pleased to announce it has completed a non-brokered private placement consisting of (a) 1,334,000 common shares of the Company (the \"\n \n Shares\n \n \") at a price of\n \n $0.15\n \n per Share for proceeds of\n \n $200,100\n \n , and (b) 9,542,667 subscription receipts (the \"\n \n Subscription Receipts\n \n \") at a price of\n \n $0.15\n \n per Subscription Receipt for proceeds of $ $1,431,400, for aggregate proceeds of $\n \n $\n \n 1,631,500 (collectively, the \"\n \n Private Placement\n \n \"). Each Subscription Receipt will be automatically exercised into one Share upon completion of the previously announced transaction pursuant to which the Company will acquire all of the issued and outstanding shares of Senoa Gold Corp., which holds certain mineral claims in the\n \n Yukon\n \n (the \"\n \n Transaction\n \n \"). For further details regarding the Transaction, see the Company's news releases dated\n \n October 15, 2020\n \n ,\n \n November 17, 2020\n \n and\n \n December 2, 2020\n \n .\n \n \n The proceeds from the sale of the Shares are expected to be used to cover working capital requirements in advance of completion of the Transaction. The proceeds from the sale of the Subscription Receipts will be held in escrow pending completion of the Transaction and, following completion of the Transaction, are expected to be used for exploration and related expenditures on the\n \n Yukon\n \n properties to be acquired and working capital purposes.\n \n \n The Shares and the Subscription Receipts, including the Shares issuable upon automatic exercise of the Subscription Receipts, are subject to a statuto...