Business
Stakeholder Gold Corp. Closes Financing
Toronto, Ontario--(Newsfile Corp. - December 21, 2017) - Stakeholder Gold Corp. (TSXV: SRC) ...
About this update from Stakeholder Gold Corp.
[{"type":"text","content":"Stakeholder Gold Corp. Closes FinancingToronto, Ontario--(Newsfile Corp. - December 21, 2017) - Stakeholder Gold Corp. (TSXV: SRC) (\"Stakeholder Gold\" or the \"Company\") is pleased to announce that is has closed on its previously announced private placement financing for gross proceeds of $600,000. Stakeholder Gold has issued 2.4 million units (\"Units\") priced at 25 cents per Unit. Each Unit consists of one common share (\"Common Share\") and one-half of one warrant (\"Warrant\") to purchase one Common Share. Each whole Warrant is exercisable into one Common Share at a price of 50 cents for a period of two years from Thursday, December 21, 2017. The hold period for the Units issued will be four months.In connection with the financing, as consideration for facilitating the completion of the transaction, Stakeholder Gold will issue an additional 220,000 Warrants, exercisable into one Common Share at a price of 25 cents, to Bonaventure Explorations Limited and pay the amount of $2,250 in cash to Canaccord Genuity Corp. Stakeholder Gold also announces the issuance of 1,000,000 options to Officers, Directors and Consultants to the Company and has reserved 1,000,000 Common Shares for issuance upon exercise of such options pursuant to the terms of the Company's stock option plan. The options have a strike price of $0.32 and a three year term from the date of issue.Proceeds of the financing will be used for exploration on the Goldstorm Property in Nevada.For further information on the content of this release or about Stakeholder Gold, please contact: Christopher J. Berlet BSc (Mining), CFAPresident & CEO416 548 - [email protected] Looking InformationThis news release contains forward-looking information. All information, other than information of historical fact, constitute \"forward-looking statements\" and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation's strategy, plans or future financial or operating performance. When used in this news release, the words \"estimate\", \"project\", \"anticipate\", \"expect\", \"intend\", \"believe\", \"hope\", \"may\" and similar expressions, as well as \"will\", \"shall\" and other indications of future tense, are intended to identi...