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Intact Gold Corp.
Intact Gold Corp.
Registriert in: Kanada WKN: A2JBQH Rohstoffe:
Art: Originalaktie ISIN: CA45826Y2015 Gold
Kupfer
Zink
Heimatbörse: TSX Venture Alternativ: ITTGF
Währung: CAD    
Symbol: ITG.V Forum:

Intact Gold closes $350,000 non-brokered private placement

19.05.2016 | 9:01 Uhr | CNW

VANCOUVER, May 19, 2016 /CNW/ - Intact Gold Corp. (TSX-V: ITG) (FSE: 1A5) (the "Company" or "Intact Gold"), is pleased to announce that the company has closed its previously announced non-brokered private placement (news release dated April 25, 2016).

The private placement consisted of the issuance of 2.8 million units at a price of 12.5 cents per unit for gross proceeds of $350,000. Each unit comprises one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share until May 17, 2018 at a price of 17.5 cents.

In connection with closing of the private placement, the Company paid certain finder's fees: $2,812.50 cash and 32,900 purchase warrants (the "Finder's Warrants"). Each Finder's Warrant entitles the holder to purchase one additional common share at a price of $0.175 until May 17, 2018.

The securities issued under the private placement are subject to a hold period expiring on September 18th, 2016.

Proceeds of the placement will be applied to the Company's properties and to general working capital.

All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities law. The offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including approval of the TSX-V.

ON BEHALF OF THE BOARD OF DIRECTORS OF INTACT GOLD CORP.

Per:  Anthony Jackson, President and CEO

Disclaimer for Forward-Looking Information

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" occur. Forward-looking information in this press release includes, but is not limited to, statements regarding expectations of management regarding the acquisition of the Property. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking information is subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including, without limitation, the risks that the Company may not have the funds necessary to make its payments pursuant to the Agreement, that the TSX-V may not approve the transaction, and other factors beyond the control of the Company. Except as required by law, the Company expressly disclaims any obligation, and does not intend, to update any forward-looking information in this news release.

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.

SOURCE Intact Gold Corp.



Contact
please contact the Company at 604-283-1722.
 
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