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Correction from Source: Stakeholder Announces Private Placement Terms
Toronto, Ontario--(Newsfile Corp. - June 9, 2014) - The following is a revised and updated ver...
About this update from Stakeholder Gold Corp.
[{"type":"text","content":"\nCorrection from Source: Stakeholder Announces Private Placement TermsToronto, Ontario--(Newsfile Corp. - June 9, 2014) - The following is a revised and updated version of the news \nrelease issued by Stakeholder Gold Corp. (TSXV: SRC) (\"Stakeholder\" or the \n\"Company\") on June 9, 2014, wherein information concerning the private placement \nhad been inadvertently omitted. \nStakeholder Gold Corp. is pleased to announce it plans to \ncomplete a non-brokered private placement financing to further exploration on \nthe Bass River IOCG exploration project. The private placement financing will \nconsist of 5M units at $0.20 per unit (the \"Units) and 5M flow through units at \n$0.25 per flow through unit (the \"Flow Through Units\"). Each Unit will consist \nof one common share and one half of one common share purchase warrant with each \nfull warrant being exercisable at $0.30 for a period of two years. Each Flow \nThrough Unit will consist of one flow through common share and one half of one \nwarrant with each full warrant being exercisable at $0.35 for a period of two \nyears. The funds will be used to advance the 2014 program on the Bass River IOCG \nexploration project in Nova Scotia. \nThe exploration program currently in progress involves \ncollecting soil and rock samples for geochemical analysis to follow up on \nconductive electromagnetic anomalies first identified during VTEM (Versatile \nTime Electromagnetic Domain) surveys carried out in 2012. The VTEM surveys of \n2012 were themselves undertaken in follow up to gravity surveys undertaken in \n2008 and 2009, which identified significant gravity anomalies across the project \nand along strike of the Cobequid-Chedabucto fault system.\nCoincident gravity and conductive VTEM anomalies, in this iron \nrich and mineralized environment, could represent classic IOCG deposit \ncharacteristics. Modelling of the geophysical data has prioritized 5 distinct \ntargets over which geochemical surveys are now being completed, and on which \ndrilling is expected to be undertaken. \nCompany work initiatives include soil and outcrop sampling on \ngrids covering the largest conductive anomalies. This includes a very large \nnorth-east trending electromagnetic anomaly found at depth off of the northern \nflank of the most extensive gravity outline. This conductive anomaly would be \nthe ...