Business
Claude Veillette acquires shares of Visible Gold Mines Inc.
Claude Veillette acquires shares of Visible Gold Mines Inc. Canada NewsWire ROUY...
About this update from Visible Gold Mines Inc.
[{"type":"text","content":"\n\n\n\nClaude Veillette acquires shares of Visible Gold Mines Inc.\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\n\nCanada NewsWire\nROUYN-NORANDA, QC, March 27, 2019\n\n\n\nROUYN-NORANDA, QC, March 27, 2019 /CNW Telbec/ - Claude Veillette (the \"Acquiror\") announces that he has indirectly acquired a total of 2,098,050 common shares and 447,500 common share purchase warrants of the Visible Gold Mines Inc. (the \"Corporation\") in a private placement and a share for debt transaction with the Corporation.\nSpecifically, the Acquiror acquired on March 26, 2019 the following securities of the Corporation : (i) in a private placement transaction, 447,500 common shares of the Corporation at a price of $0.08 per share and 447,500 common share purchase warrants (the \"Warrants\"); and (ii) in a share for debt transaction, 1,650,550 common shares of the Corporation at a deemed price of $0.065 per share (collectively, the \"Transactions\"). Each Warrant entitles the Acquiror to acquire one additional common share of the Corporation at a price of $0.15 until March 26, 2021.\nImmediately prior to the Transactions, the Acquiror did not beneficially own or have control or direction, directly or indirectly, over any securities of the Corporation. Immediately following the closing of the Transactions, the Acquiror holds, directly or indirectly, (i) 2,098,050 common shares of the Corporation, representing 9.95% of the issued and outstanding common shares of the Corporation, and (ii) Warrants entitling the Acquiror to purchase up to 447,500 common shares of the Corporation. Assuming the exercise of all Warrants held by the Acquiror, following the closing of the Transactions the Acquiror would own 2,545,550 common shares, representing 11.82% of the Corporation's common shares that would then be issued and outstanding.\nThe Transactions are a private transactions that did not take place on any market or exchange.\nThe Acquiror acquired the shares and Warrants described in this press release for investment purposes and ...