Business
Spanish Mountain Announces Share Lending Arrangement in connection with Private Placement
/ NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES / ...
About this update from Spanish Mountain Gold Ltd.
[{"type":"text","content":"\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE\n UNITED STATES/\n\n\nVANCOUVER, Sept. 25, 2013 /CNW/ - Spanish Mountain Gold Ltd. (\"Spanish Mountain\" or the \"Company\") (TSX-V: SPA) announces that three shareholders of the Company\n including two directors (the \"lenders\") intend to enter into loan and pledge agreements with certain\n subscribers of securities in connection with the closing of the\n Company's brokered private placement (the \"Offering\"), which was announced on September 5, 2013 and is expected to close on\n or about September 26, 2013.\n\n\nIn connection with the closing of the Offering, it is expected that the\n lenders will enter into loan and pledge agreements with certain\n subscribers under the Offering pursuant to which the subscribers will\n borrow an aggregate of 5,850,000 common shares from lenders' personal\n shareholdings and pledge an equal number of common shares acquired\n through the private placement as security for such share loans.\n\n\nThis news release does not constitute an offer to sell or a solicitation\n of an offer to sell any of the securities in the United States.  The\n securities have not been and will not be registered under the United\n 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\n the United States or to U.S. Persons unless registered under the U.S.\n Securities Act and applicable state securities laws or an exemption\n from such registration is available.\n\n\nAbout Spanish Mountain Gold \nSpanish Mountain Gold Ltd is focused on the responsible development of\n its flagship Spanish Mountain gold project in southern central British\n Columbia. The Company has no debt and owns 100% of all four gold\n properties located in British Columbia.  Additional information about\n the Company is available on its website: www.spanishmountaingold.com\n\n\nOn Behalf of the Board,SPANISH MOUNTAIN GOLD LTD \n\n\nBrian Groves,\nPresident & CEO\n\n\n\n\n\nThis News Release contains forward-looking statements, which relate to\n future events. In some cases, you can identify forward-looking\n statements by terminology such as \"will\", \"may\", \"should\", \"expects\",\n \"plans\", or \"anticipates\" or the negative of these terms or other\n comparable termi...