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StrikePoint Gold Announces Increase to Previously Announced Private Placement to $4 Million
Vancouver, British Columbia--(Newsfile Corp. - June 16, 2021) - StrikePoint Gold Inc. (TSXV: S...
About this update from Strikepoint Gold Inc.
[{"type":"text","content":"StrikePoint Gold Announces Increase to Previously Announced Private Placement to $4 MillionVancouver, British Columbia--(Newsfile Corp. - June 16, 2021) - StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) is pleased to announce it has increased the size of the previously announced non-brokered private placement offering of units (the \"Units\") of the Company to $4,000,000 through the sale of 16,000,000 Units at a price of $0.25 per Unit.Each Unit will comprise one flow through common share and one half of one common share purchase warrant. Each Warrant will entitle the holder to acquire an additional common share of the Company at an exercise price of $0.35 per share for a period of 18 months. Eventus Capital Corp. has been appointed as a finder in connection with the offering. The Company may pay a cash finder's fee of 6 per cent and issue finders' warrants equal to 6 per cent of the gross proceeds raised from investors introduced to the Company by Eventus or such other finders as the Company determines.The proceeds of the Placement will be utilized to fund the Company's exploration activities at both the Porter and Willoughby properties located in the Golden Triangle Northwest, B.C.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 the 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 by the TSXV. The Company reserves the right to increase the number of Units issued pursuant to the Placement to up to 20,000,000 Units for up to total gross proceeds of $5 million.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. ...