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Gold/Mining/Energy : Golden Triangle

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From: Clark Kent	8/3/2017 12:29:34 PM
	of 493

Silver Grail arranges $300,000 private placement 2017-08-03 12:05 ET - News Release Mr. Dino Cremonese reports NEWS RELEASE -- PRIVATE PLACEMENT Silver Grail Resources Ltd. has agreed to complete a private placement to raise proceeds of up to $300,000. The private placement will consist of an offering of six million units at a price of five cents per unit. Each unit will consist of one common share of Silver Grail and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of Silver Grail at a price of eight cents for a period of two years from the closing of the offering. A finder's fee, up to the maximum allowable under TSX Venture Exchange policy, may be payable in regard to the offering. Insiders of the company may be taking part in the offering. All securities issued by the offering will be subject to a hold period of four months and one day. The offering is subject to regulatory approval. Net proceeds from the offering will be used to finance exploration of the company's mineral properties in the Stewart area of northwestern British Columbia, for paying debt and to provide working capital for company expenses going forward.

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