Times are good Ronald K. Netolitzky looking for more money.
Masuparia Gold (MAS-V) Aug 20, '15 proposes to raise up to $400,000 in a non-brokered private placement financing, on a best efforts basis, by the issuance of up to $100,000 of Flow Through Units ("FT Units") and up to $300,000 of Non-Flow Through Units ("NFT Units"), subject to regulatory approval. Each FT Unit will comprise one common share at a price of $0.07 CDN per share and one full NFT warrant exercisable for 3 years at $0.09 CDN. Each NFT unit will comprise one common share at a price of $0.06 CDN per share and one full warrant exercisable for 3 years at $0.08 CDN. Shares issued under this financing will be subject to a hold period of 4 months and one day from the closing date of the offering. Finders' fees may be payable to qualified agents on a portion of the funds raised in accordance with Exchange regulations.
Funds from this financing will be used to continue studies regarding the potential for advancing the Greywacke North deposit. Funds will also be used towards general working capital.
About Masuparia Gold
Masuparia Gold Corporation is a Canadian mineral exploration company focused on exploration projects in Saskatchewan. Masuparia currently is the Operator of a joint venture (LRSGJV) in the La Ronge Gold Belt of Saskatchewan with Golden Band Resources on three properties: Greywacke Lake, North Lake and Preview Lake. The Company believes the Greywacke Lake gold project to be an excellent regional exploration opportunity within the large 5,786 hectare project area. The Greywacke North deposit is at an advanced stage with several known high-grade gold-bearing zones and a NI 43-101 compliant Indicated Mineral Resource of 252,299 tonnes at 9.92 g/t Au plus an Inferred Mineral Resource of 58,456 tonnes at 7.42 g/t Au (at a cut-off of 5 g/t Au) (Masuparia news release June 29, 2015).
On Behalf of the Board of Directors of
Masuparia Gold Corporation
Ronald K. Netolitzky
President & CEO |
