OTCQB:GTAGF - Post by User
Post by
Robthetrader17on Jan 20, 2022 6:57pm
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Post# 34340223
$2.0M Non-Brokered Private Placement
$2.0M Non-Brokered Private PlacementToronto, Ontario, January 20, 2022: Golden Tag Resources Ltd. (Golden Tag or the "Company") (TSX.V: GOG) (OTCQB: GTAGF) is pleased to announce its intention to complete a non-brokered private placement pursuant to which it will sell up to 8,000,000 Units (each, a Unit) at a price of C$0.25 per Unit to raise aggregate proceeds of up to $2,000,000 (the Offering). The Company reserves the right to increase the size of the Offering, subject to the approval of the TSX Venture Exchange (the Exchange). Each Unit will consist of one common share in the capital of the Company (Common Share) and one-half of one Common Share purchase warrant (each, a Warrant). Each whole Warrant will entitle the holder thereof to acquire one Common Share at a price of C$0.40 for 24 months following the closing of the Offering. The Warrants will contain an acceleration provision whereby if the closing price of the Common Shares on the Exchange is $0.70 or more for 10 consecutive trading days the Company will have the right to accelerate the expiry date of the Warrants.