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Winshear Gold Corp. Announces $750,000 Private Placement
VANCOUVER, British Columbia, July 17, 2020 (GLOBE NEWSWIRE) -- Winshear Gold Corp. (TSX-V: WINS) announces a non-brokered private placement of 6,250,000 Units a
About this update from Winshear Metals Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, July 17, 2020 (GLOBE NEWSWIRE) -- Winshear Gold Corp. (TSX-V: WINS) announces a non-brokered private placement of 6,250,000 Units at $0.12 per Unit for gross proceeds of $750,000. Each Unit comprises one common share and one half of one common share purchase warrant. Each full warrant will allow the holder to purchase one common share of Winshear Gold at a price of $0.18 for a period of 24 months from the closing date of the financing. A finder's fee commensurate with regulatory policies may be paid if applicable. Proceeds from the financing will be used for exploration, corporate development and general working capital purposes. Winshear Gold is focused on advancing the Gaban Gold Project to a drilling programme in south eastern Peru. Completion of the private placement is subject to certain conditions, including the approval of the TSX Venture Exchange. All securities issued as part of this private placement will be subject to a hold period of four months and one day from the date of issuance of the securities. About Winshear Gold Corp In 2019 Winshear Gold Corp. acquired the Gaban Gold Project in the Puno region, SE Peru and the Tinka IOCG project in the Ica district, southern Peru, from Palamina Corp. The Company, formerly Helio Resource Corp., has also commenced arbitration against the Tanzanian government to recover its investment in the SMP gold project in Tanzania. ON BEHALF OF THE BOARD OF DIRECTORS “Richard D. Williams”Richard D. Williams, P.Geo Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Caution Regarding Forward Looking Statements Certain of the statements made and information contained in this press release may constitute forward-looking information and forward-looking statements (collectively, “forward-looking statements”) within the meaning of applicable securities laws, including whether the private placement will be completed or fully subscribed. The forward-looking statements in this press release reflect the current expectations, assumptions or beliefs of the Company based upon information currently available to the Company. With respect to forward-looking statements contained in this press release, assumptions h...