StrikePoint Gold (SKP-V) April 4, '17 is pleased to announce that is has closed on its $3,000,000 non-brokered private placement as previously announced on March 23, 2017.
The private placement consisted of 6,779,664 Flow-Through Shares (the “FT Shares”) at an issuance price of $0.295 per FT Share for total proceeds of $2,000,000 and 3,524,490 Non-Flow Through Units (the “NFT Units”) at a price of $0.295 per NFT Unit for total proceed of $1,039,724.55. Each NFT Unit consists of one non-flow through common share and one non-flow through share purchase warrant with each warrant being exercisable at a price of $0.50 for a period of two years from closing.
The FT Shares are subject to a hold period expiring on July 24, 2017 and Finder’s fees of $140,000 cash and 474,576 finder’s warrants have been paid to Medalist Capital Ltd. in connection with this closing. The finder’s warrants will have an exercise term of two years from issuance with an exercise price of $0.295 and be subject to a holder period expiring on July 24, 2017.
The NFT Units are subject to a hold period expiring on August 4, 2017 and Finder’s fees of $22,012.90 cash and 74,620 finder’s warrants have been paid to Medalist Capital Ltd. and $43,860 cash and 148,714 warrants have been paid to Caravan Ventures Ltd. in connection with the closing of the NFT Units. The finder’s warrants will have an exercise term of two years from issuance with an exercise price of $0.295 and be subject to a holder period expiring on August 4, 2017.
The proceeds from the issuance of the FT Shares will be used to incur Canadian exploration expenses on the Company’s gold projects located in the Yukon Territory, and the proceeds from the NFT Units will be used by the Company for general working capital.
ON BEHALF OF THE BOARD of STRIKEPOINT GOLD INC.
Shawn Khunkhun
CEO and Director
For more information, contact:
Shawn Khunkhun
604-602-1440
sk@strikepointgold.com |
