Business
Waraba Gold Closes Third Tranche of Private Placement of Units
Vancouver, British Columbia--(Newsfile Corp. - May 15, 2023) - Waraba Gold Limited (CSE: WBGD) (FSE: ZE0) (OTCQB: WARAF) (the "Company" or "Waraba") announces i
About this update from Waraba Gold Limited
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - May 15, 2023) - Waraba Gold Limited (CSE: WBGD) (FSE: ZE0) (OTCQB: WARAF) (the \"Company\" or \"Waraba\") announces it has closed the third tranche of its previously announced non-brokered private placement financing (the \"Private Placement\") and has issued a further 1,000,000 units of the Company (the \"Units\") at a price of $0.10 per Unit for gross proceeds of $100,000 (the \"Third Tranche\"). Each Unit is comprised of one common share of the Company (each, a \"Common Share\") and one common share purchase warrant of the Company (each, a \"Warrant\"). Each Warrant will entitle the holder thereof to acquire one additional Common Share (each, a \"Warrant Share\") at an exercise price of $0.50 per Warrant Share for a period of 12 months following the closing date of the Third Tranche, subject to acceleration in certain events. The gross proceeds raised from the Private Placement will be used by the Company for exploration and general working capital purposes. The Common Shares and Warrants issued under the Private Placement, and the Warrant Shares (if exercised before the end of the statutory hold period) will be subject to a statutory hold period expiring four months and one day from the date of issuance. About Waraba Gold Limited The Company is a resource exploration company that is acquiring and exploring mineral properties. The Company is a reporting issuer in the provinces of British Columbia and Alberta. The Company's common shares trade on the Canadian Securities Exchange under the trading symbol \"WBGD\" and on the Frankfurt Stock Exchange under the trading symbol \"ZE0\". For more information about the Company, please refer to the Company's profile available on SEDAR (www.sedar.com). On Behalf of the Board of Directors Carl EspreyChief Executive Officer, Chief Financial Officer, and DirectorTelephone: +1 312 235 2605Email: [email protected] Forward-Looking Information 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 Company's beliefs regarding future events, plans or objectives, many of which, by thei...