Business
StrikePoint Gold Closes $4.235 Million Private Placement
Vancouver, British Columbia--(Newsfile Corp. - October 5, 2020) - Further to its news releases...
About this update from Strikepoint Gold Inc.
[{"type":"text","content":"StrikePoint Gold Closes $4.235 Million Private PlacementVancouver, British Columbia--(Newsfile Corp. - October 5, 2020) - Further to its news releases dated September 8, 2020 and September 10, 2020, StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) is pleased to announce that it has closed its previously announced non-brokered private placement offering of units (the \"Units\") of the Company raising $3,235,500 through the sale of 21,570,005 Units at a price of $0.15 per Unit (the \"NFT Placement\").As previously announced, each Unit is comprised of one common share and one share purchase warrant (each a \"Warrant\") with each Warrant entitling the holder to acquire additional common shares of the Company at an exercise price of $0.25 per share for a period of two years.The Company also announces that it has closed its previously announced non-brokered private placement of 4,761,906 flow through units (each an \"FT Unit\") raising gross proceeds of $1,000,000 at a price of $0.21 per FT Unit (together with the NFT Placement, the \"Placement\"). Each FT Unit will comprise one flow through common share and Warrant. The Company paid $15,597 and issued 103,980 finder's warrants in connection with the private placement.The proceeds of the Placement will be utilized to fund the Company's exploration activities on its existing mineral property portfolio and general working capital.The securities issued in connection with this private placement are subject to a hold period expiring on February 3, 2021.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.com.About StrikePointStrikePoint Gold is a gold and silver exploration company focused on building high-grade precious metals resources in Canada. The company control...