Business
Gold79 Mines Announces Private Placement Financing of up to $2,000,000
Ottawa, Ontario--(Newsfile Corp. - November 15, 2021) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) ("Gold79" or the "Company") is pleased to announce the init
About this update from West Point Gold Corp.
[{"type":"text","content":" Ottawa, Ontario--(Newsfile Corp. - November 15, 2021) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) (\"Gold79\" or the \"Company\") is pleased to announce the initiation of a non-brokered private placement to raise gross proceeds of up to $2,000,000, comprising 33,333,333 units (each a \"Unit\"), at $0.06 per Unit (the \"Offering\"). Each Unit consists of one common share of the Company and one-half of one common share purchase warrant (each whole warrant a \"Warrant\"). Each Warrant entitles the holder to purchase one common share of the Company at a price of $0.10 per share for a period of 36 months following the date of issuance. Any securities issued under the Offering would be subject to a statutory hold period of four months and one day from the date of issuance. This Offering is subject to approval of the TSX Venture Exchange (\"TSX-V\"). The anticipated closing date of the Offering is December 9, 2021. The Offering will be conducted by the Company utilizing the Existing Security Holder Prospectus Exemption under OSC Rule 45-501 Ontario Prospectus and Registration Exemptions and other equivalent provisions of applicable securities laws in other jurisdictions in Canada (collectively, the \"Existing Security Holder Exemptions\") as well as the \"accredited investor\" exemption under National Instrument 45-106 Prospectus and Registration Exemptions and also other exemptions available to the Company. The Company will make the Offering available to all shareholders of the Company as of November 15, 2021 (the \"Record Date\") who are eligible to participate under the Existing Security Holder Exemptions and who have notified the Company by no later than December 6, 2021 at 5:00 pm (Eastern) of their intention to participate in the Offering. The Existing Security Holder Exemptions limit a shareholder to a maximum investment of $15,000 unless the shareholder certifies in the subscription agreement that he or she has obtained advice regarding the suitability of the investment from a registered investment dealer or otherwise qualifies to rely on another private placement exemption. In the subscription agreement, shareholders will be required to certify the number of common shares of the Company held as of the record date and the total number of Units they wish to subscribe for. Each existing shareholder on the record date will be ...