To: Goose94 who wrote (97860 ) 7/12/2021 3:25:03 PM From: Goose94 Read Replies (2) | Respond to Highway 50 Gold (HWY-V) Announces $900k PP July 12, '21 - NR Highway 50 Gold Corp. ("Highway 50" or the "Company") announces that it intends to complete a non-brokered private placement offering (the "Offering") for aggregate proceeds of up to $900,000 by the issuance of up to 2,571,428 units (the "Units") at a price of $0.35 per Unit. Each Unit will consist of one common share ("Common Share") in the capital of the Company and one half of one warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder to purchase an additional Common Share at a price of $0.45 until the second anniversary of the closing date of the Offering. The proceeds of the Offering will be used towards field work at the Gold Knob project, and for general working capital purposes. Gold Knob is located 100 km west of the Cortez Mining District and exhibits deep crustal structural characteristics similar to those observed at Cortez. The Offering is scheduled to close on or about July 27, 2021, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals of the TSX Venture Exchange. The Units to be issued under this Offering will be offered by way of private placement exemptions in various provinces of Canada as well as outside of Canada, pursuant to applicable exemptions and in the United States on a private placement basis pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended. The Company may pay a finder's fee of up to 6% cash and 6% compensation warrants to qualified finders in respect of portions of the Offering.
