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StrikePoint Gold Announces $1M Non-Brokered Flow Through Private Placement
Vancouver, British Columbia--(Newsfile Corp. - November 9, 2020) - StrikePoint Gold Inc. (TS...
About this update from Strikepoint Gold Inc.
[{"type":"text","content":"StrikePoint Gold Announces $1M Non-Brokered Flow Through Private PlacementVancouver, British Columbia--(Newsfile Corp. - November 9, 2020) - StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) is pleased to announce it has arranged a non-brokered $1 million flow through private placement (the \"Placement\") of 4,761,906 units at a price of $0.21 per unit (each a \"Unit\"). It is anticipated that offering be subscribed by one single institutional investor.Each Unit will comprise one common share and one share purchase warrant (each a \"Warrant\"). Each Warrant will entitle the holder to acquire an additional common shares of the Company at an exercise price of $0.25 per share for a period of two years. Finder's fees may be payable in connection with the Placement in accordance with applicable securities laws and the policies of the TSX Venture Exchange (\"TSXV\").The proceeds of the Placement will be utilized to fund the Company's exploration activities on its existing mineral property portfolio.Directors and officers of the Company may acquire securities under the Placement, which participation would be considered to be a \"related party transaction\" as defined under Multilateral Instrument 61-101 (\"MI 61-101\"). Such participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.The closing of the Placement is subject to receipt of all necessary regulatory approvals, including the acceptance of the TSXV. This press release does not constitute an offer to sell or a solicitation of an offer to buy 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 or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.For further information please visit our website: www.strikepointgold.comAbout StrikePointStrikePoint Gold is a gold and silver exploration company focused on building high-grade precious metals resources in Canada. The company controls two advanced stage explora...