Winston Gold Closes Private Placement
ACCESS Newswire
09 Oct 2019, 01:49 GMT+10
WINNIPEG, MANITOBA / ACCESSWIRE / October 8, 2019 / Winston Gold Corp. ('Winston Gold' or the 'Corporation') (CSE:WGC) (OTCQB:WGMCF) announces the closing of a non-brokered private placement (the 'Private Placement') consisting of 7,724,500 units (the 'Units' ) at a purchase price of $0.08 per Unit to raise gross proceeds of $617,960.
Each Unit consists of one common share (a 'Share' ) in the share capital of the Corporation and one share purchase warrant (a 'Warrant' ). Each full Warrant will entitle the holder to purchase one additional Share in the share capital of the Corporation for a period of 5 years, at an exercise price of $0.20 per Share.
All securities issued in connection with the Private Placement are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.
The net proceeds from the Private Placement will be used for general corporate purposes and to advance the Winston gold project near Helena Montana.
About Winston Gold
Winston Gold is a junior mining company focused on advancing high-grade, low cost mining opportunities into production. Towards that end, the Corporation has acquired an underexplored and under-exploited gold/silver mining opportunity, being the Winston Gold project near Helena, Montana.
ON BEHALF OF THE BOARD OF DIRECTORS OF THE CORPORATION
For further information, please contact
Murray Nye, Chief Executive Officer
Suite 201-919 Notre Dame Avenue, Winnipeg, Manitoba, R3E 0M8 Canada
Telephone: (204) 989-2434 E-mail: [email protected]
The CSE has neither approved nor disapproved the information contained herein
SOURCE: Winston Gold Corp.
View source version on accesswire.com:
https://www.accesswire.com/562514/Winston-Gold-Closes-Private-Placement
Share
Tweet
Share
Flip
Email
Subscribe and Follow
Get a daily dose of Raleigh Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
News RELEASES
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Raleigh Times.
More InformationMeta hires SSI CEO Gross as AI race intensifies among tech giants
PALO ALTO/TEL AVIV: The battle for top AI talent has claimed another high-profile casualty—this time at Safe Superintelligence (SSI),...
Engine defect prompts Nissan to recall over 443,000 vehicles
FRANKLIN, Tennessee: Hundreds of thousands of Nissan and Infiniti vehicles are being recalled across the United States due to a potential...
Microsoft trims jobs to manage soaring AI infrastructure costs
REDMOND, Washington: Microsoft is the latest tech giant to announce significant job cuts, as the financial strain of building next-generation...
Stocks worldwide struggle to make ground Friday with Wall Street closed
LONDON UK - U.S. stock markets were closed on Friday for Independence Day. Global Forex Markets Wrap Up Friday with Greeback Comeback...
Nvidia briefly tops Apple’s record in AI-fueled stock rally
SANTA CLARA, California: Nvidia came within a whisker of making financial history on July 3, briefly surpassing Apple's all-time market...
ICE raids leave crops rotting in California, farmers fear collapse
SACRAMENTO, California: California's multibillion-dollar farms are facing a growing crisis—not from drought or pests, but from a sudden...
US Supreme Court backs Texas efforts to shield minors online
WASHINGTON, D.C.: In a significant ruling last week, the U.S. Supreme Court upheld a Texas law requiring age verification for users...
Covid almost surely made in US lab Jeffrey Sachs
The virus was likely first developed at the University of North Carolina, the analyst claims Covid-19 was almost certainly developed...
After SEC visits, 4-star WR Xavier McDonald picks Sacramento State
(Photo credit: Kirby Lee-Imagn Images) Sacramento State head coach Brennan Marion reached into Southeastern Conference territory...
Mariners' Cal Raleigh could surpass franchise icon against Pirates
(Photo credit: Stephen Brashear-Imagn Images) Dan Wilson and Ken Griffey Jr. were teammates when the latter hit a franchise-record...
MLB roundup: Cubs blast team-record 8 HRs to beat Cards
(Photo credit: Kamil Krzaczynski-Imagn Images) The Chicago Cubs set a franchise record by bashing eight home runs in a single game...
Pirates ride six-game winning streak into Seattle
(Photo credit: Charles LeClaire-Imagn Images) The Pittsburgh Pirates are on a roll. The Pirates have not only won six consecutive...
