Business
Brascan Gold Announces Listing on Canadian Securities Exchange, Exploration Plans and Upcoming Private Placement
Vancouver, British Columbia--(Newsfile Corp. - October 13, 2021) - Brascan Gold Inc. (CSE: BRAS) ("Brascan" or the "Company") is pleased to announce that its co
About this update from Westgold Metals Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - October 13, 2021) - Brascan Gold Inc. (CSE: BRAS) (\"Brascan\" or the \"Company\") is pleased to announce that its common shares have commenced trading on the Canadian Securities Exchange under the symbol \"BRAS\" (the \"Listing\"). In connection with the Listing, the Company has obtained a receipt for its final prospectus (the \"Prospectus\") from the securities regulatory authorities in the Provinces of British Columbia, Alberta and Ontario. A copy of the Prospectus is available under the Company's profile at www.SEDAR.com. The Company is also pleased to announce that crews are being mobilized to commence the phase 1 exploration program (the \"Program\") on the Company's Vulcan mineral property (the \"Property\"), located in the Fort Steele Mining Division in southeastern BC, as further detailed in the Company's NI 43-101 technical report respecting the Property (the \"Technical Report\"). A copy of the Technical Report is available under the Company's profile at www.SEDAR.com. The Program will consist of fieldwork, prospecting, mapping, geophysics, data compilation and geological modelling and follows on a $204,957 electromagnetic survey and diamond drilling program conducted on the Property in 2020 by the property optionor, Eagle Plains Resources Ltd. The Company is also pleased to announce that it intends to complete a non-brokered private placement (the \"Private Placement\") of up to 8,000,000 units (each, a \"Unit\") of the Company at a price of $0.30 per Unit, for gross proceeds of up to $2,400,000. Each Unit will consist of one (1) common share and one-half of one (1/2) transferable common share purchase warrant (each whole warrant, a \"Warrant\"), each Warrant exercisable at a price of $0.40 for twenty-four (24) months from issuance. The Company intends to use the proceeds of the Private Placement for exploration expenditures and working capital and to acquire and explore additional gold properties in Brazil and Newfoundland. The Company may pay finder's fees to eligible parties who introduce subscribers to the Private Placement. All securities issued in connection with the Private Placement will be subject to a four-month and one-day statutory hold period in accordance with applicable securities laws. The securities to be issued under the Private Placement have not been...