Energold acquires one million shares of Impact Silver
2016-04-19 13:02 MT - News Release
Also News Release (C-IPT) Impact Silver Corp
Mr. Frederick Davidson of Energold Drilling reports
EARLY WARNING NEW RELEASE
Pursuant to the closing of a non-brokered private placement with Impact Silver Corp. on April 19, 2016, Energold Drilling Corp. has acquired ownership and control of one million common shares in the capital of Impact Silver at a price of 31 cents per common share for an aggregate consideration of $310,000.
Following the settlement of the trade, Energold owns or exercises control or direction of 7,980,001 common shares, representing approximately 10.39 per cent of the issued and outstanding common shares in the capital of Impact Silver. The common shares were acquired for investment purposes, and Energold may in the future increase or decrease its ownership of, or control over, securities of Impact Silver depending on market conditions, the business and prospects of Impact Silver, or other factors.
The news release is being issued as required by National Instrument 62-103, the early warning system and related takeover bid and insider reporting issues. An early warning report will be filed on SEDAR and will be available for review on SEDAR under Impact Silver's SEDAR profile. A copy of the early warning report can be obtained from Energold.