Blackwolf Announces Closing of $2.86 Million Private Placement
VANCOUVER, BC / ACCESSWIRE / December 8, 2021 / Blackwolf Copper and Gold Ltd. ("Blackwolf" or the "Company") (TSXV:BWCG)(OTC PINK:BWCGF) announces that it has closed its previously announced private placement (the "Offering"). A total of 4,089,644 …
VANCOUVER, BC / ACCESSWIRE / December 8, 2021 / Blackwolf Copper and Gold Ltd. ("Blackwolf" or the "Company") (TSXV:BWCG)(OTC PINK:BWCGF) announces that it has closed its previously announced private placement (the "Offering"). A total of 4,089,644 units (the "Units") were sold at price of $0.70 per Unit, for aggregate gross proceeds of $2,862,751. This is an increase from the previously announced Private Placement to raise $2.5 Million.
Each Unit consisted of one common share of the Company (a "Common Share") and one-half of one transferable common share purchase warrant, with each whole warrant entitling the holder to acquire one Common Share at a price of $0.85 per Common Share for a period of eighteen (18) months following the closing of the Offering.
The net proceeds of the Offering will be used to fund exploration activities on the Company's Niblack and Hyder Area Properties Projects located in Alaska, property evaluations and working capital purposes.
The Company paid aggregate finder's fees of $52,212 and issued 74,589 share purchase warrants (the "Finder's Warrants") in connection with subscriptions from subscribers introduced by certain finders. Each Finder's Warrant is exercisable to acquire one share in the capital of the Company at an exercise price of $0.70 per share for a period of eighteen (18) months following closing of the Offering,
The Offering remains subject to final approval of the TSX Venture Exchange. The securities issued under the Offering are subject to a statutory hold period of four months plus one day.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Blackwolf Copper and Gold
Lesen Sie auch
Blackwolf's founding vision is to be an industry leader in transparency, inclusion and innovation. Guided by our Vision and through collaboration with local and Indigenous communities and stakeholders, Blackwolf builds shareholder value through our technical expertise in mineral exploration, engineering and permitting. The Company holds a 100% interest in the high-grade Niblack copper-gold-zinc-silver VMS project, located adjacent to tidewater, as well as the Cantoo, Casey, Texas Creek gold-silver and VMS Properties in southeast Alaska. For more information on Blackwolf, please visit the Company's website at www.blackwolfcopperandgold.com.