Stakeholder Gold Corp. Announces Upsize of Previously Announced Private Placement
Toronto, Ontario--(Newsfile Corp. - December 19, 2017) - Stakeholder Gold Corp. (TSXV: SRC) ("Stakeholder Gold" or the "Company") would like to announce that it has amended the terms of its previously announced non-brokered private placement financing to increase the size of the offering from $500,000 to $600,000 (the "Upsized Offering").
Under the terms of the Upsized Offering, Stakeholder Gold will issue 2.4 million units ("Units") priced at 25 cents per Unit. Each Unit will consist of one common share ("Common Share") and one-half of one warrant ("Warrant") to purchase one Common Share. Each whole Warrant will be exercisable for one additional Common Share at a price of 50 cents for a period of two years from the closing date of the Upsized Offering. The Company anticipates closing on Thursday December 21, 2017.
Proceeds of the financing will be used for exploration on the Goldstorm Property in Nevada.
For further information on the content of this release or about Stakeholder Gold, please contact:
Christopher J. Berlet BSc (Mining), CFA
President & CEO
416 548 - 9749
cberlet@stakeholdergold.com
Forward Looking Information
This news release contains forward-looking information. All information, other than information of historical fact, constitute "forward-looking statements" and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation's strategy, plans or future financial or operating performance.
When used in this news release, the words "estimate", "project", "anticipate", "expect", "intend", "believe", "hope", "may" and similar expressions, as well as "will", "shall" and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation's annual financial statements, MD&A and other publicly filed documents.
The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.