StrikePoint Gold (SKP-V) Apr 8, '19 has completed a private placement, raising $1,271,919.88 through the sale of 11,562,908 units at a price of 11 cents per unit. Each unit consists of one common share and one share purchase warrant with each warrant being exercisable into one additional common share at a price of 20 cents per share until April 7, 2022.
Finders' fees were paid to Haywood Securities (as to $3,396.80 in cash and 30,880 in finders' warrants), PI Financial Corp. (as to $7,040 in cash and 64,000 in finders' warrants) and Redplug Capital Corp. (as to $46,640 in cash and 424,000 in finders' warrants). The finders' warrants are exercisable on the same terms as the unit warrants. All securities issued in connection with the private placement are subject to a regulatory hold period expiring on Aug. 9, 2019.
The proceeds from the private placement will be used by the company for acquisitions, exploration and general working capital purposes.
Due to insider participation in the private placement, it is considered a related-party transaction within the meaning of Multilateral Instrument 61-101. The participation is exempt from the need to obtain minority shareholder approval and a formal valuation on the basis that insider participation is less than 25 per cent of the issuer's market capital.
For further information please visit our website: www.strikepointgold.com
ON BEHALF OF THE BOARD of STRIKEPOINT GOLD INC.
For more information, contact:
Shawn Khunkhun CEO and Director
Shawn Khunkhun
604-602-1440
sk@strikepointgold.com |
