Cabral Gold lists 10.64 million warrants on TSX-V
2021-07-12 11:54 ET - News Release
Mr. Alan Carter reports
CABRAL GOLD INC. ANNOUNCES LISTING OF WARRANTS
The TSX Venture Exchange has accepted for listing 10,649,000 common share purchase warrants of Cabral Gold Inc. that were issued in connection with its bought deal prospectus offering, which closed on July 6, 2021.
Each Warrant will entitle the holder thereof to acquire one common share in the capital of the Company (a "Common Share") at a price of $0.80 per Common Share until July 6, 2023. The Warrants are subject to the terms of a warrant indenture dated July 6, 2021 between the Company and Computershare Trust Company of Canada as warrant agent (the "Warrant Indenture"). A copy of the Warrant Indenture will be available under the Company's profile on SEDAR.
The Warrants will be listed for trading on the TSX-V under the symbol CBR.WT on July 14, 2021.
About Cabral Gold Inc.
The Company is a junior resource company engaged in the identification, exploration and development of mineral properties, with a primary focus on gold properties located in Brazil. The Company has a 100% interest in the Cuiu Cuiu gold district located in the Tapajos Region, within the state of Para in northern Brazil. Two gold deposits have so far been defined at Cuiu Cuiu and contain 43-101 compliant Indicated resources of 5.9 million tonnes at 0.90g/t (200,000 oz) and Inferred resources of 19.5 million tonnes at 1.24g/t (800,000 oz).
The Tapajos Gold Province is the site of the largest gold rush in Brazil's history producing an estimated 30 to 50 million ounces of placer gold between 1978 and 1995. Cuiu Cuiu was the largest placer gold camp in the Tapajos and produced an estimated 2Moz of placer gold historically.
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