Business
Claude Veillette Announces Sale of Common Shares of Visible Gold Mines Inc.
Claude Veillette Announces Sale of Common Shares of Visible Gold Mines Inc. Can...
About this update from Visible Gold Mines Inc.
[{"type":"text","content":"\n \n \n \n Claude Veillette Announces Sale of Common Shares of Visible Gold Mines Inc.\n \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 Canada NewsWire\n \n \n \n \n ROUYN-NORANDA, QC,\n \n Jan. 4, 2021\n \n /CNW Telbec/ - Claude Veillette (the \"Acquiror\") announces that he has indirectly sold a total of 1,105,750 common shares of Visible Gold Mines Inc. (the \"Corporation\"), representing approximately 3.63% of the issued and outstanding common shares of the Corporation. The common shares were sold during the period of\n \n December 30, 2020\n \n to\n \n December 31, 2020\n \n through the facilities of the TSX Venture Exchange at an average price of\n \n $0.332\n \n per common share, for gross proceeds of\n \n $366,902.50\n \n (the \"Transactions\").\n \n \n Immediately prior to the Transactions, the Acquiror held indirectly 3,805,750 common shares of the Corporation, representing approximately 12,49% of the issued and outstanding common shares of the Corporation and warrants (the \"Warrants\") entitling the Acquiror to purchase 747,500 common shares of the Corporation. Assuming the exercise of all Warrants held by the Acquiror before the Transactions, the Acquiror would have held indirectly 4,553,250 common shares, representing approximately 14.59% of the Corporation's common shares that would then be issued and outstanding.\n \n \n Immediately following the closing of the Transactions, the Acquiror holds indirectly (i) 2,700,000 common shares of the Corporation, representing 8.86% of the issued and outstanding common shares of the Corporation, and (ii) Warrants entitling the Acquiror to purchase up to 747,500 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 indirectly 3,447,500 common shares, representing 11.05% of the Corporation's common shares that would then be issued and outstanding.\n \n \n The Acquiror sold the common shares described in this press release for investment purposes and in accordance wi...