Defiance Silver 5,750,001-share private placement
Momentum Public Relations
Press Release: November 10, 2017
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Sept. 15, 2017.
First tranche
Number of shares: 4,860,001 shares
Purchase price: 30 cents per share
Warrants: 4,860,001 share purchase warrants to purchase 4,860,001 shares
Warrant exercise price: 45 cents for a two-year period
Number of placees: 36 placees
Insiders: Ronald E. Sowerby, 100,000; Kesa Capital Corp. (Darrell Rader), 35,000; Paul A. Smith, 175,000; Windermere Capital Fund SPC/Navigator SP (Victor Murray), 700,000
Finders’ fees: $10,080 cash and 33,600 warrants payable to Raymond James Ltd.; $8,000 cash payable to Mackie Research Capital Corp.; $93,640 cash payable to Windermere Capital (Canada) Inc. (Finder’s fee warrants are exercisable at 45 cents per share for two years.)
Second tranche
Number of shares: 890,000 shares
Purchase price: 30 cents per share
Warrants: 890,000 share purchase warrants to purchase 890,000 shares
Warrant exercise price: 45 cents for a two-year period
Number of placees: 45 placees
Insider: Roy Bonnell, 80,000
Finder’s fee: $19,440 cash payable to Windermere Capital (Canada) Inc. (Finder’s fee warrants are exercisable at 45 cents per share for two years.)
- Published in Defiance Silver, Mining
Anfield Resources 52,124,349-share private placement
Anfield Resources 52,124,349-share private placement
Momentum Public Relations
Press Release: July 18, 2017
2017-07-18 16:44 ET – Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced June 30, 2017.
Number of shares: 52,124,349 shares
Purchase price: six cents per share
Warrants: 52,124,349 share purchase warrants to purchase 52,124,349 shares
Warrant exercise price: 10 cents for a five-year period
Number of placees: 26 placees
Insiders: Corey Dias, two million; Joshua Bleak, two million
Finders’ fees: Leede Jones Gable Inc., $2,100 and 35,000 share purchase warrants exercisable into common shares at 10 cents per share for a 60-month period; Canaccord Genuity Corp., $16,056.60 and 267,610 share purchase warrants exercisable into common shares at 10 cents per share for a 60-month period
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Anfield Resources, Mining, News Home
King’s Bay Gold Corporation Announces Closing of $ 316,250 on First Tranche of Private Placements
King’s Bay Gold Corporation Announces Closing of $ 316,250 on First Tranche of Private Placements
King’s Bay Gold Corporation Announces Closing of $ 316,250 on First Tranche of Private Placements
Momentum Public Relations
Press Release: July 14, 2017
Vancouver BC. (FSCwire) – King’s Bay Gold Corporation (the “Company”) (TSXV: KBG) is pleased to announce that further to its news release dated June 26, 2017, it has completed a first tranche of a non-brokered, non-flow through private placement (the “NFT Private Placement”) of 2,500,000 units (each, a “Unit”) at a price of $0.10 per Unit for gross proceeds of $250,000 and a non-brokered, flow-through private placement (the “FT Private Placement”) of 530,000 flow-through shares (each, a “FT Share”) at a price of $0.125 per FT Share for gross proceeds of $66,250 (collectively, the “Private Placements”). The Company intends to close the second and final tranche of the Private Placements before the end of August, 2017.
The NFT Private Placement consisted of one common share of the Company and one non-transferable common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one common share of the Company at a price of $0.15 until July 14, 2019.
In connection with the Financing, the Company paid cash finder’s fees of $5,300 to certain finders.
The Company intends to use the proceeds of the Offering for exploration expenditures on their 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned Lynx Lake Copper-Cobalt property in Labrador, the Trump Island property in Newfoundland as well as working capital.
All securities issued in connection with the Financing are subject to a statutory hold period expiring four months and one day after the closing of the Financing.
An Insider of the Company subscribed for an aggregate of 1,000,000 Units under the Financing, which is a “related party transaction” within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The participation of the insider in the private placement was exempt from the valuation and minority shareholder approval requirements of MI 61-101 by virtue of the exemptions contained in Sections 5.5(a) and 5.7(a) of MI 61-101 in that the fair market value of the consideration of the shares to be issued to the insider did not exceed 25{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the Company’s market capitalization.
ON BEHALF OF THE BOARD OF DIRECTORS
King’s Bay Gold Corporation
“Kevin Bottomley”
Kevin Bottomley
President and Chief Executive Officer
Tel: (604) 681-1568
Email: Kevin@kingsbayres.com
For investment inquiries please contact
Brad Hoeppner
Director
Tel: (604) 681-1568
Email: Brad@kingsbayres.com
Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/KingsBay07142017.pdf
Source: King’s Bay Gold Corporation (TSX Venture:KBG)
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Copyright © 2017 Filing Services Canada Inc.
- Published in King's Bay, Mining, News Home
Hillcrest Announces the Closing of the Second and Final Tranche of the $0.07 Unit Non-Brokered Private Placement
Hillcrest Announces the Closing of the Second and Final Tranche of the $0.07 Unit Non-Brokered Private Placement
Momentum Public Relations
Press Release: July 14, 2017
VANCOUVER, B.C. / TheNewswire / July 14, 2017 – Hillcrest Petroleum Ltd. (the “Company”) (TSX-V: HRH) (OTCQB: HLRTF) announces that it has closed the second and final tranche of its non-brokered private placement (the “Offering”) originally announced on May 10, 2017 with updated announcements on June 29, 2017 and July 7, 2017.
Aggregate proceeds of $112,000 were raised on this second tranche closing, and 1,600,000 units (the “Units) at a price of $0.07 per Unit were issued. Each Unit to this second tranche consists of one common share in the capital of the Company (a “Share”) and one-half of one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder thereof to purchase one additional Share at a price of $0.10 per Share until July 14, 2019.
The securities issued in connection with the second tranche is subject to a statutory hold period of four months plus a day in accordance with applicable securities legislation expiring on November 15, 2017.
There were no finder’s fees paid on the second tranche closing.
Together with the proceeds raised on this second tranche closing, and of the previous tranche closing (see press release of July 7, 2017), an aggregate of 5,594,857 Shares have been issued for aggregate total proceeds of $391,640.
The proceeds received from the Offering will be used to retire the remainder of the secured debt, licensing and registration costs in both Saskatchewan and Alberta and for general operation and expenses.
For more information on Hillcrest Petroleum Ltd, contact Don Currie toll free at 1-855-609-0006 or visit the Company’s website at www.hillcrestpetroleum.com
ON BEHALF OF THE BOARD
Donald Currie
Chief Executive Officer and Director
Cautionary Statement Regarding “Forward-Looking” Information
Some of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.
Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Copyright (c) 2017 TheNewswire – All rights reserved.
- Published in Hillcrest Petroleum, News Home, Oil and Gas
Hillcrest Petroleum Closes First Tranche Of Private Placement
Hillcrest Petroleum Closes First Tranche Of Private Placement
Momentum Public Relations
Press Release: July 7, 2017
VANCOUVER, B.C. / TheNewswire / Hillcrest Petroleum Ltd. (the “Company” or “Hillcrest”) announces that the Company has closed a first tranche of its $500,000 non-brokered private placement (the “Offering”) originally announced on May 10, 2017 with an update announcement on June 29, 2017.
Aggregate proceeds of $279,640 were raised on this first tranche closing. 3,994,857 units (the “Units”) at a price of $0.07 per Unit were issued. Each Unit consists of one common share in the capital of the Company (a “Share”) and one-half of one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder thereof to purchase one additional Share at a price of $0.10 per Share until July 7, 2019.
There were no finder’s fees paid on this first tranche closing.
All securities issued in connection with the Offering are subject to a statutory hold period of four months plus a day in accordance with applicable securities legislation expiring on November 8, 2017.
The net proceeds received from the Offering will be used to retire the remainder of the secured debt, licensing and registration costs in both Saskatchewan and Alberta and for general operation and expenses.
The balance of the Offering is expected to close on or before July 14, 2017.
For more information on Hillcrest Petroleum Ltd, contact Don Currie toll free at 1-855-609-0006 or visit the Company’s website at www.hillcrestpetroleum.com
ON BEHALF OF THE BOARD
Donald Currie
Chief Executive Officer and Director
Cautionary Statement Regarding “Forward-Looking” Information
Some of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.
Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Copyright (c) 2017 TheNewswire – All rights reserved.
- Published in Hillcrest Petroleum, News Home, Oil and Gas
Puma Exploration Closes Final Tranche of Private Placement
Puma Exploration Closes Final Tranche of Private Placement
Momentum Public Relations
Press Release: July 4, 2017
RIMOUSKI, QUEBEC–(Marketwired – July 4, 2017) – Puma Exploration Inc. (the “Company” or “Puma”) (TSX VENTURE:PUM)(SSE:PUMA) announces today it has closed the second and final tranche of a non-brokered private placement financing of flow-through units with qualified investors, employees and consultants as well as with existing shareholders. The company issued 462,500 units at an issue price of eight cents (0.08$) per unit for gross proceeds of $37,000. Each flow-through unit comprises one flow-through common share and one-half of one common share purchase warrant. Each full warrant gives its holder the right to purchase one common share at a price of 15 cents ($0.15) per share until July 04th, 2019.
In connection with this second and final tranche of private placement, the company has not paid any finders’ fee. All securities issued to purchasers under the offering are subject to a four-month hold period from the date of issuance of the securities pursuant to applicable securities legislation and the policies of the TSX Venture Exchange. The placement has received the conditional approval of the TSX-V.
As previously announced on June 22nd, 2017, the Company completed the first tranche of the Offering and issued 2,160,000 million units at an issue price of eight cents ($0.08) per unit for gross proceeds of $172,800. Each flow-through unit comprises one flow-through common share and one-half of one common share purchase warrant. Each full warrant gives its holder the right to purchase one common share at a price of 15 cents ($0.15) per share until June 22nd, 2019.
The proceeds of the offerings will be used for the exploration and development of Puma’s properties in New Brunswick in particular for the current trenching and drilling program on the Murray Brook East Property.
Murray Brook East (4925)
The Murray Brook East Property (4925) consists of 245 claims (5326 hectares). Its eastern boundary is contiguous to the Caribou Mining Lease (# 246) and is located only four kilometers west of the producing Caribou Mine owned and operated by Trevali Mining Corp.
The previous operators of the Murray Brook Property conducted extensive preliminary exploration work from 2012 to 2015 which included geophysical surveys (HeliTEM, Magnetic, Gravity) and geochemical surveys (1,853 soil samples), bringing the property to drill-ready targets. The surveys identified 5 first priority targets to be explored. The previous drilling operation along the 7 km long favorable horizon was conducted in 1956 and included only 10 short holes.
About the Murray Brook Project
The Murray Brook Project consists of three (3) distinct contiguous areas that cover more than 18 kilometers of the favorable rock hosting the operating Caribou Mine (Trevali Mining Corporation), the Murray Brook Deposit and the past operating Restigouche Mine. From east to west, they are the Murray Brook East Property (4925), the Murray Brook Mining Lease (# 252) and the Murray Brook West Property (7846). The Murray Brook East and Murray Brook West Properties have been subject to various degrees of exploration work and share the same potential of increasing the mineral resources defined at the Murray Brook Deposit.
About Puma Exploration Inc.
Puma Exploration is a Canadian mineral exploration company with advanced precious and base metals projects in Canada. The Company’s major assets are the 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} per-cent beneficial interest in the Murray Brook Property, the Turgeon Zinc-Copper Project and the Nicholas-Denys Project located in New Brunswick as well as an equity interest in Black Widow Resources related to the Little Stull Lake Gold Project in Manitoba. Puma’s objective for the coming year is to focus its exploration efforts in New Brunswick.
You can visit us on Facebook and Twitter.
Learn more by consulting www.pumaexploration.com for further information on Puma Exploration Inc.
The contents of this press release were prepared by Marcel Robillard, P.Geo., a Qualified Person as defined in NI 43-101. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Puma Exploration Inc. to be materially different from actual future results and achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date the statements were made, except as required by law. Puma Exploration undertakes no obligation to publicly update or revise any forward-looking statements. These risks and uncertainties are described in the quarterly and annual reports and in the documents submitted to the securities administration.
Puma Exploration Inc.
Marcel Robillard
President
(418) 724-0901
president@explorationpuma.com
www.pumaexploration.com
- Published in Mining, News Home, Puma Exploration
Anfield Resources Inc. Announces $3.0 Million Private Placement
Anfield Resources Inc. Announces $3.0 Million Private Placement
Momentum Public Relations
Press Release: June 30, 2017
VANCOUVER, BC–(Marketwired – June 30, 2017) – Anfield Resources Inc. (TSX VENTURE: ARY) (FRANKFURT: 0AD)(OTCQB: ANLDF) (“Anfield” or “the Company”) is pleased to announce a fully-subscribed, non-brokered private placement for 50,000,000 Units at $0.06, for a total equity raise of $3.0 million. The Unit consists of one common share and a one share purchase warrant, with each warrant exercisable at $0.10 for a five-year term. Finders’ fees may be paid in certain instances.
Corey Dias, Anfield’s CEO, stated, “We are excited to announce the closing of this financing. These funds will allow us to both meet obligations related to Anfield’s current projects and seek out further acquisition opportunities. We remain very optimistic about the uranium market. With Kazatomprom establishing a marketing arm in Europe in order to position itself as a swing uranium seller, we would expect to see less pressure on the spot price going forward. In addition, the reduction in the number of tons of uranium to be sold per year by the US DOE should also have a positive effect on the uranium spot price. Finally, we believe that the continued pace in the building of nuclear reactors in places such as China, India and the UAE will spur a continuing rally in uranium prices and entice both current and new producers to either maintain or expand their production efforts. Anfield aims to be a supply contributor once the uranium price reflects this reality”.
The foregoing is subject to regulatory approval.
The proceeds of $3,000,000 will be used for project acquisition and development and general working capital purposes.
About Anfield
Anfield is an energy metals development and near-term production company that is committed to becoming a top-tier energy-related fuels supplier by creating value through sustainable, efficient growth in its energy metals assets. Anfield is a publicly-traded corporation listed on the TSX Venture Exchange (ARY-V), the OTCQB Marketplace (ANLDF) and the Frankfurt Stock Exchange (0AD). Anfield is focused on two production centers, as summarized below:
Arizona/Colorado/Utah – Shootaring Canyon Mill
The key asset in Anfield’s conventional uranium portfolio is the Shootaring Canyon Mill in Garfield County, Utah. The Shootaring Canyon Mill is strategically located within one of the historically most prolific uranium production areas in the United States, and is one of only three licensed uranium mills in the United States.
Anfield’s uranium assets consist of conventional mining claims and state leases in southeastern Utah, Colorado and Arizona, targeting areas where past uranium mining or prospecting occurred. Anfield’s conventional uranium assets include the Velvet-Wood Project, the Frank M Uranium Project, as well as the Findlay Tank breccia pipe. All conventional uranium assets are situated within a 125-mile radius of the Shootaring Mill.
Wyoming Properties – Irigaray ISR Processing Plant (Resin Processing Agreement)
Anfield’s ISR mining projects are located in the Black Hills, Powder River Basin, Great Divide Basin, Laramie Basin, Shirley Basin and Wind River Basin areas in Wyoming, and comprise 2,667 federal mining claims, 56 Wyoming State leases and 15 private leases acquired from Uranium One in September 2016.
Anfield has agreed to enter into a Resin Processing Agreement with Uranium One wherein Anfield would process up to 500,000 pounds per annum of its mined material at Uranium One’s Irigaray Central Processing Plant in Wyoming.
On behalf of the Board of Directors
ANFIELD RESOURCES INC.
Corey Dias,
Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Safe Harbor Statement
THIS NEWS RELEASE CONTAINS “FORWARD-LOOKING STATEMENTS”. STATEMENTS IN THIS NEWS RELEASE THAT ARE NOT PURELY HISTORICAL ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE.
EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN THIS NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT ARE PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS “ESTIMATE,” “ANTICIPATE,” “BELIEVE,” “PLAN” OR “EXPECT” OR SIMILAR STATEMENTS ARE FORWARD-LOOKING STATEMENTS. RISKS AND UNCERTAINTIES FOR THE COMPANY INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH MINERAL EXPLORATION AND FUNDING AS WELL AS THE RISKS SHOWN IN THE COMPANY’S MOST RECENT ANNUAL AND QUARTERLY REPORTS AND FROM TIME-TO-TIME IN OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE COMPANY. OTHER RISKS INCLUDE RISKS ASSOCIATED WITH THE REGULATORY APPROVAL PROCESS, COMPETITIVE COMPANIES, FUTURE CAPITAL REQUIREMENTS AND THE COMPANY’S ABILITY AND LEVEL OF SUPPORT FOR ITS EXPLORATION AND DEVELOPMENT ACTIVITIES. THERE CAN BE NO ASSURANCE THAT THE COMPANY’S EXPLORATION EFFORTS WILL SUCCEED AND THE COMPANY WILL ULTIMATELY ACHIEVE COMMERCIAL SUCCESS. THESE FORWARD-LOOKING STATEMENTS ARE MADE AS OF THE DATE OF THIS NEWS RELEASE, AND THE COMPANY ASSUMES NO OBLIGATION TO UPDATE THE FORWARD-LOOKING STATEMENTS, OR TO UPDATE THE REASONS WHY ACTUAL RESULTS COULD DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS. ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS, EXPECTATIONS AND INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE REASONABLE, THERE CAN BE NO ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS WILL PROVE TO BE ACCURATE. INVESTORS SHOULD CONSIDER ALL OF THE INFORMATION SET FORTH HEREIN AND SHOULD ALSO REFER TO THE RISK FACTORS DISCLOSED IN THE COMPANY’S PERIODIC REPORTS FILED FROM TIME-TO-TIME.
THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.
Contact:
Anfield Resources, Inc.
Clive Mostert
Corporate Communications
780-920-5044
info@anfieldresources.com
www.anfieldresources.com
- Published in Anfield Resources, Mining, News Home
King’s Bay Announces $750,000 Non-Brokered Private Placements Financing
King’s Bay Announces $750,000 Non-Brokered Private Placements Financing
Momentum Public Relations
Press Release: June 26, 2017
Winnipeg, Manitoba (FSCwire) – King’s Bay Gold Corporation (the “Company”) (TSXV: KBG) (FSE: KGB1) (the “Company” or “King’s Bay”) is pleased to announce a non-brokered, non-flow through private placement financing for gross proceeds of $500,000 (the “NFT Private Placement”) and a non-brokered, flow-through private placement financing for gross proceeds of $250,000 (the “FT Private Placement”) (collectively, the “Private Placements”).
The NFT Private Placement will consist of the issuance of 5,000,000 units of the Company (each, a “Unit”), at $0.10 per Unit for gross proceeds of $500,000, with each Unit consisting of one common share of the Company and one non-transferable common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one common share of the Company at a price of $0.15 for a period of 24 months following the closing date.
The FT Private Placement will consist of the issuance of 2,000,000 flow-through shares of the Company (each, a “FT Share”), at $0.125 per FT Share for gross proceeds of $250,000. The private placement is subject to the approval of the TSX Venture Exchange. All the securities issued pursuant to the Private Placements will be subject to a restricted period of four-month and one day from the date of closing. There may be finder’s fee payable in connection with this placement.
All or a portion of the Offering may be completed pursuant to Multilateral CSA Notice 45-318 Prospectus Exemption for Certain Distributions through an Investment Dealer (“CSA 45-318”) and the corresponding instruments, orders and rules implementing CSA 45-318 in the participating jurisdictions (collectively with CSA 45-318, the “Investment Dealer Exemption”).
In order for the Company to be able to rely on the Investment Dealer Exemption, each subscriber must purchase the shares as principal and obtain advice regarding the suitability of the investment from a person that is registered as an investment dealer in the jurisdiction in which the subscriber is resident.
The Company intends to use the proceeds of the Private Placements as follows: $450,000 exploration expenditures, $100,000 salaries, $50,000 legal, accounting and regulatory fees, $100,000 unallocated working capital and $50,000 travel and promotion.
None of the securities issued in connection with the Private Placements will be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there by any sale of the securities in any state where such offer, solicitation, or sale would be unlawful.
ON BEHALF OF THE BOARD OF DIRECTORS
King’s Bay Gold Corporation operating as King’s Bay
“Kevin Bottomley”
Kevin Bottomley
President and Chief Executive Officer
Tel: (604) 681-1568
Email: Kevin@kingsbayres.com
For investment inquiries please contact
Brad Hoeppner
Director
Tel: (604) 681-1568
Email: Brad@kingsbayres.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Forward-Looking Statements
This news release contains forward-looking statements relating to the future operations of the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future planned exploration expenditures or acquisitions and closing on the $750,000 proposed financing are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The reader is cautioned that references to mineral resources that are not mineral reserves do not have demonstrated economic viability and assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by Canadian securities law.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/kingsbaygold06262017_0.pdf
Source: King’s Bay Gold Corporation (TSX Venture:KBG)
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Copyright © 2017 Filing Services Canada Inc.
Not For Distribution to United States Newswire Services nor For Dissemination in the United States
- Published in King's Bay, Mining, News Home
Sage Gold Closes Oversold Non-Brokered Flow-Through Private Placement
Sage Gold Closes Oversold Non-Brokered Flow-Through Private Placement
Momentum Public Relations
Press Release: June 23, 2017
TORONTO, ONTARIO–(Marketwired – June 23, 2017) – Sage Gold Inc. (“Sage Gold” or the “Corporation”) (TSX VENTURE:SGX) is pleased to announce that further to its press release dated June 13, 2017, it has completed the closing of its non-brokered flow-through private placement (the “Offering“). The Offering consisted of the sale of 8,075,897 flow-through common shares of the Corporation, at $0.24 for gross proceeds of $1,938,216 million.
Securities issued pursuant to the Offering shall be subject to a four-month plus one day hold period commencing on the Closing Date under applicable Canadian securities laws. In connection with the Offering, finder’s fees of $90,944 was paid in cash and 378,934 compensation warrants were issued to certain eligible finders. Each compensation warrant entitles the holder to one common share at an exercise price of $0.30 per share for a period of 36 months following the closing date, whereupon the options will expire. The outstanding shares after this financing are 76,562,680 shares. The Corporation intends to use the net proceeds from the Offering to incur Canadian Exploration Expenses (CEE) on its properties.
About Sage Gold
The Company is a mineral exploration and development company which has primary interests in near-term production and exploration properties in Ontario. Its main properties are the 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Clavos Gold property (“Clavos Project“) in Timmins and the 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned Onaman property including the Lynx copper, gold, silver property and other exploration properties in the Beardmore-Geraldton Gold Camp.
Sage Gold currently plans to complete a reserve estimate and a prefeasibility study regarding the Clavos Project. In the event that a production decision is made that is not based on a feasibility study of mineral reserves demonstrating economic and technical viability prepared in accordance with National Instrument 43-101, readers are cautioned that there is increased uncertainty and higher risk of economic and technical failure associated with such production decisions.
Technical reports and information relating to the properties can be obtained from the System for Electronic Document Analysis and Retrieval (SEDAR) website at www.sedar.com and www.sagegoldinc.com.
CAUTIONARY STATEMENT
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward looking information and the Company cautions readers that forward-looking information is based on certain assumptions and risk factors that could cause actual results to differ materially from the expectations of the Company included in this news release. This news release includes certain “forward-looking statements”, which often, but not always, can be identified by the use of words such as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. Forward-looking statements include estimates and statements with respect to the Company’s future plans, objectives or goals, to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, metallurgical processing, project development, reclamation and capital costs of the Company’s mineral properties, and the Company’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as, but are not limited to: failure to identify mineral resources; failure to convert estimated mineral resources to reserves; the preliminary nature of metallurgical test results; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; political risks; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets, inflation, changes in exchange rates; fluctuations in commodity prices; delays in the development of projects; capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry; and those risks set out in the Company’s public documents filed on SEDAR. This list is not exhaustive of the factors that may affect any of the Company’s forward- looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
SGX Shares 76,562,680
Nigel Lees
President and CEO
416-204-3170
nlees@sagegoldinc.com
www.sagegoldinc.com
Anfield Resources Aims to be One of the Next Uranium Producers in the United States
Anfield Resources Aims to be One of the Next Uranium Producers in the United States
Momentum Public Relations
Press Release: June 21, 2017
June 21, 2017 / TheNewswire / MONTREAL, QUEBEC – Momentum PR client, Anfield Resources is listed on the TSX Venture exchange under the symbol ARY, as well as on the OTCQB in the US under the symbol ANLDF.
Momentum PR is pleased to have produced an informative and comprehensive report on Anfield Resources, available on the Momentum PR LinkedIn page.
Anfield Resources Highlights:
- – Anfield Resources Set to Profit From Coming Uranium Shortage With 60 Reactors Under Construction In 15 Countries
- – China Building One Reactor Every Five Months
- – Dutch Commodity Expert Predicts $100 a Pound After 2020
- – Anfield is building out a unique asset base with access to lower-cost, near-term uranium production capacity in Wyoming and a longer-term, larger-scale, uranium production opportunity in Utah
- – Unique Agreement With Uranium One Provides Additional Processing and Ability to Borrow Processed Uranium
Anfield Resources, (TSX VENTURE: ARY) (FRANKFURT: 0AD) (OTCQB: ANLDF) has positioned itself as one of the next major suppliers to the American nuclear energy industry.
The rollback in uranium prices that took place after Fukushima in 2011 is now starting to reverse, albeit slowly. After Fukushima, uranium prices fell from $73 a pound to a low of $18 a pound. While pricing has rebounded slightly, the current $20 level isn’t sustainable as it remains below the cost of production.
Factors which could drive the price upward are supply shortages caused by mine closures and increasing global demand. Today there 20 nuclear reactors under construction across the globe and China is building one new reactor every five months. Globally, 150 new nuclear reactors are in the planning stage.
Canadian-headquartered Anfield set up shop in the United States because 20{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of American electricity is generated by nuclear energy, and at present it imports over 90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the uranium it uses.
Over the last four years, Anfield has acquired a number of conventional uranium assets in Utah, Colorado and Arizona as well as 24 ISR-amenable projects in Wyoming. An April 4, 2017, NI 43-101 report on one of the 24 Wyoming ISR assets, Red Rim, shows an indicated resource of 336,655 tons of mineralized material with an average grade of 0.17{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} and an inferred resource of 472,988 tons of mineralized resource with an average grade of 0.163{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}, for a total uranium resource of 2,681,896 pounds.
Anfield’s unique market position is derived through both its ownership of the Shootaring Canyon Mill and its agreement with Uranium One. The Shootaring Canyon Mill is one of only three licensed, permitted and constructed conventional uranium mills in the United States. The 500,000 pounds/year processing agreement with Uranium One allows Anfield to process uranium from its ISR assets without the capex and lengthy timeline required to build its own ISR processing plant. The agreement with Uranium One also allows Anfield to both buy and borrow processed uranium from Uranium One to fulfill contracts.
Anfield recognizes that, as the uranium price begins to climb as a result of the supply-demand imbalance, those with access to lower-cost production capacity will be the early beneficiaries in the uranium market. Therefore, Anfield’s Resin Processing Agreement with Uranium One – when paired with the 24 projects acquired in Wyoming – will be the near-term focus for the company. Once the uranium price climbs to a point where conventional uranium mining is feasible, Anfield can then aim to bring its conventional mill – Shootaring – online, which would significantly increase the company’s annual production capacity.
In addition, Anfield has 8,418,000 pounds of measured, indicated and inferred uranium resources in its four conventional projects in Utah and Arizona. More than enough to make it a major energy fuel provider in the American market. In March, the company closed an oversubscribed private placement with gross proceeds totalling $2,888,061.
The Momentum PR informative and comprehensive report on Anfield Resources is available on the Momentum PR LinkedIn page.
If you would like more information on Anfield Resources listed on the TSX-V under the symbol ARY with a market cap of C$8.75 million, or would like to arrange an interview with management please contact:
Momentum PR
Juliette Benard, Director Media Relations
+1.450.332.6939
About Momentum PR
Momentum PR is a cutting-edge public and investor relations consulting agency representing companies within the Canadian investment community.
Since 2009, Momentum PR has been servicing small and mid cap Canadian listed public companies, seeking to increase their exposure across North America. The focus at Momentum PR is on building and driving brand awareness. Momentum PR cultivates new audiences in the media and investment communities by proactively engaging interested parties on behalf of client companies through online and offline channels.
Disclaimer:
All editorial content contained herein is solely the responsibility of Momentum PR and does not reflect, in any way, the opinions of TheNewswire.ca Inc., its partner newswires and / or associated news services.
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