MONTREAL, Sept. 11, 2019 (GLOBE NEWSWIRE) — Golden Tag Sources Ltd. (TSX.V: GOG) (the “Firm“) is happy to announce a personal placement for an combination of $1,500,000 comprised of 30,000,000 items (the “Items“) at a worth of $zero.05 per Unit. Every Unit consists of 1 widespread share (the “Shares“) and one-half share buy warrant (the “Warrants“). Every entire Warrant will entitle the holder to buy one further Share at a worth of $zero.07 for a interval of 24 months from the date of subject of the Warrants.
The Firm additionally declares the appointment of Mr. Chad Williams as a director and Chairman of the Board. Mr. Williams is the Chairman and founding father of Crimson Cloud Klondike Strike. He has intensive expertise in mining finance and administration having beforehand held the place of CEO of Victoria Gold Corp., Head of Mining Funding Banking at Blackmont Capital Inc., and a extremely ranked mining analyst at TD Financial institution and different Canadian brokerage corporations. Mr. Williams holds each a P.Eng in Mining and an MBA from McGill College.
Proceeds from the financing might be used for normal working capital.
All securities issued might be topic to a four-month maintain interval. Closing of the non-public placement is topic to the approval of the TSX Enterprise Alternate and is predicted to shut on or about September 19th, 2019. Finder’s charges, together with money and seven% finders warrants in accordance with regulatory coverage might be payable.
About Golden Tag Sources
Golden Tag Sources Ltd. is a Montreal primarily based junior exploration firm exploring for high-grade silver deposits. The Firm holds a 100% curiosity within the San Diego property in Durango State, Mexico. The San Diego property is situated inside the Velardeña Mining District, the location of a number of mines having produced silver, zinc, lead and gold over the previous century. For extra info concerning the San Diego property please go to our web site at www.goldentag.ca. Golden Tag has no debt and presently has 79,806,558 shares issued and excellent.
Neither TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this launch.
Cautionary Observe Concerning Ahead-Wanting Statements
This information launch consists of sure forward-looking statements inside the which means of relevant securities together with the anticipated completion of a personal placement. Ahead-looking statements are statements that relate to future, not previous, occasions. On this context, forward-looking statements usually deal with anticipated future enterprise and monetary efficiency, and sometimes include phrases corresponding to “anticipate”, “consider”, “plan”, “estimate”, “count on”, and “intend”, statements that an motion or occasion “could”, “would possibly”, “may”, “ought to”, or “will” be taken or happen, or different comparable expressions. Estimates of mineral assets and reserves are additionally forward-looking statements as a result of they represent projections concerning the quantity of minerals which may be encountered sooner or later. All statements, aside from statements of historic reality, included herein together with, with out limitation; statements concerning the phrases and completion of the transaction are forward-looking statements. By their nature, forward-looking statements contain recognized and unknown dangers, uncertainties and different elements, which can trigger the precise outcomes, efficiency or achievements, or different future occasions, to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by such forward-looking statements. Ahead-looking statements are made primarily based on administration’s beliefs, estimates and opinions on the date that statements are made, and the respective firms undertakes no obligation to replace forward-looking statements if these beliefs, estimates and opinions or different circumstances ought to change, besides as required by relevant securities legal guidelines. Buyers are cautioned towards attributing undue certainty to forward-looking statements.