Business
Waraba Gold Announces C$2 Million Non-Brokered Private Placement
Toronto, Ontario--(Newsfile Corp. - November 3, 2020) - Waraba Gold Limited (CSE: WBGD) (the "Corporation") is pleased to announce a non-brokered private placem
About this update from Waraba Gold Limited
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - November 3, 2020) - Waraba Gold Limited (CSE: WBGD) (the \"Corporation\") is pleased to announce a non-brokered private placement financing for gross proceeds of up to $2,000,000 through the issuance of 10,000,000 units of the Corporation (the \"Units\") at a price of $0.20 per Unit (the \"Private Placement\"). Gross proceeds raised from the Private Placement will be used for working capital and general corporate purposes. Each Unit shall consist of one (1) common share in the capital of the Corporation (a \"Common Share\") and one common share purchase warrant of the Corporation (a \"Warrant\"). Each Warrant will entitle the holder thereof to acquire one (1) additional Common Share at a price of $1.00 per Common Share for 12 months following the closing date of the Private Placement. In the event that the daily volume weighted average trading price (or closing bid price on days when there are no trades) of the Common Shares on the Canadian Stock Exchange exceeds $1.00 for a minimum of 30 consecutive trading days, the Corporation may provide written notice requiring holders to exercise such Warrants within 30 days following the date of issuance of such written notice. Corporation's Contact Information: For further information relating to the Corporation, please refer to the Corporation's profile on SEDAR which can be accessed at www.sedar.com or contact: Carl EspreyChief Executive Officer and Director Telephone: +1 312 235 2605Email: [email protected] Forward-Looking Information and Statements This press release contains certain \"forward-looking information\" within the meaning of applicable Canadian securities legislation. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Corporation's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Corporation's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as \"plans\", \"expects\" or \"does not expect\", \"is expected\", \"budget\", \"scheduled\", \"estimates\", \"forecasts\", \"intends\", \"anticipates\" or \"does not anticipate\", or \"be...