Posted By Gbaf News
Posted on June 22, 2018
HALIFAX – Antler Gold Inc. (“Antler”) (TSXV: ANTL) is pleased to announce it plans to raise up to $792,000 through a brokered best efforts private placement that will include the issuance of up to 1,200,000 units (“Units”) at a price of $0.66 per Unit (the “Financing”), subject to TSX Venture Exchange approval.
Each Unit will consist of three flow-through shares (“FT Shares”) priced at $0.17 per FT Share and one common share (“CommonShare”) priced at $0.15 per Common Share. Numus Capital Corp. (“Numus”) will act as the broker for the Financing. Insiders and certain other existing shareholders of Antler (“Excluded Purchasers”) intend on subscribing for Units under the Financing.
As compensation for its services, Numus will receive, a cash commission equal to 8.0% of the gross proceeds of the Financing, other than proceeds from the sale of any Units sold to Excluded Purchasers (the “Excluded Shares”). In addition, as further compensation, Antler will issue compensation warrants entitling Numus (“Agent’s Warrants”) to purchase such number of Common Shares as is equal to 8% of the number of Units sold under the Financing other than the Excluded Shares. These Agent’s Warrants will be exercisable for a period of two years from the closing of the Financing. The exercise price of the Agent’s Warrants will be $0.15 per Common Share.
Antler intends to use the net proceeds of the Financing to continue exploration on its Wilding Lake Gold project in Central Newfoundland for the 2018 field season and for general corporate and working capital purposes. The proceeds of the FT Shares are to qualify for the Canadian Exploration Expense and will be renounced to subscribers of such shares no later than December 31, 2018. All securities issued pursuant to the Financing will be subject to a four-month statutory hold period from the date of issue.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
HALIFAX – Antler Gold Inc. (“Antler”) (TSXV: ANTL) is pleased to announce it plans to raise up to $792,000 through a brokered best efforts private placement that will include the issuance of up to 1,200,000 units (“Units”) at a price of $0.66 per Unit (the “Financing”), subject to TSX Venture Exchange approval.
Each Unit will consist of three flow-through shares (“FT Shares”) priced at $0.17 per FT Share and one common share (“CommonShare”) priced at $0.15 per Common Share. Numus Capital Corp. (“Numus”) will act as the broker for the Financing. Insiders and certain other existing shareholders of Antler (“Excluded Purchasers”) intend on subscribing for Units under the Financing.
As compensation for its services, Numus will receive, a cash commission equal to 8.0% of the gross proceeds of the Financing, other than proceeds from the sale of any Units sold to Excluded Purchasers (the “Excluded Shares”). In addition, as further compensation, Antler will issue compensation warrants entitling Numus (“Agent’s Warrants”) to purchase such number of Common Shares as is equal to 8% of the number of Units sold under the Financing other than the Excluded Shares. These Agent’s Warrants will be exercisable for a period of two years from the closing of the Financing. The exercise price of the Agent’s Warrants will be $0.15 per Common Share.
Antler intends to use the net proceeds of the Financing to continue exploration on its Wilding Lake Gold project in Central Newfoundland for the 2018 field season and for general corporate and working capital purposes. The proceeds of the FT Shares are to qualify for the Canadian Exploration Expense and will be renounced to subscribers of such shares no later than December 31, 2018. All securities issued pursuant to the Financing will be subject to a four-month statutory hold period from the date of issue.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
