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Gold Reach Announces Completion of $700,000 Non Brokered Private Placement
Gold Reach Announces Completion of $700,000 Non Brokered Private Placement Gold Re...
About this update from Surge Copper Corp.
[{"type":"text","content":"\n\n\n\nGold Reach Announces Completion of $700,000 Non Brokered Private Placement\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nGold Reach Announces Completion of $700,000 Non Brokered Private Placement\nCanada NewsWire\nVANCOUVER, July 20, 2016\n\n\n\nVANCOUVER, July 20, 2016 /CNW/ - Gold Reach Resources Ltd. (the \"Company\") (TSX-V:GRV) announces that the Company has closed its non-brokered private placement and has issued 4,666,666, units at a purchase price of $0.15 per unit for gross proceeds of $700,000.\n\nEach unit consists of one common share of the Company and one-half of one non‑transferable common share purchase warrant.  Each warrant will entitle the holder to acquire an additional common share of the Company at an exercise price of $0.22 per share for a period of 3 years from the closing date of the private placement.  If the Company's common shares trade at or above a weighted average price of $0.40 per share for 10 consecutive trading days, the Company may give notice that each warrant may expire in 30 days.  \n\nThe Company paid finder's fees of $12,880 cash and 42,934 warrants.\n\nThe proceeds of the financing will be used to continue exploration on its British Columbia property and for general working capital.\n\nIn compliance with Canadian securities laws, all of the securities issued in connection with this closing are subject to a hold period expiring on November 20, 2016.\n\nON BEHALF OF THE BOARD OF DIRECTORS\n\n\"Shane Ebert\"President and Chief Executive Officer\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.\n\nThis News Release contains forward-looking statements, which relate to future events. In some cases, you can identify forward-looking statements by terminology such as \"will\", \"may\", \"should\", \"expects\", \"plans\", or \"anticipates\" or the negative of these terms or other comparable terminology. These statements are only predictions and invol...