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Intact Gold Corp V.ITG.H

Intact Gold Corp. is a Canada-based company engaged in acquiring and exploring interests in mining projects. The Company’s mineral property is at the exploration stage and is without a known body of commercial ore. Its properties include Belle Terre property, Blackjack Gold property, and Little Phoenix Property. The Belle Terre property includes Belleterre Extreme East Property and certain mineral claims located near the town of Belleterre, Temiscamingue, Quebec. The Blackjack Gold property is located in the Kenora Mining Division of Ontario. It owns 100% right, title and interest in Blackjack Gold property (20 claims). The Little Phoenix Property is located in British Columbia, Canada.


TSXV:ITG.H - Post by User

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Post by TSXPLAYER1on Dec 18, 2015 10:58pm
117 Views
Post# 24397397

First Americas increases placement to $510,000

First Americas increases placement to $510,000

2015-12-15 19:44 ET - News Release

 

Mr. Anthony Jackson reports

FIRST AMERICAS INCREASES SIZE OF PRIVATE PLACEMENT

First Americas Gold Corp. will increase the size of the previously announced private placement on Dec. 11, 2015, to 3.4 million units for gross proceeds of $510,000. Each unit comprises one common share and one share purchase warrant. Each share purchase warrant entitles the holder to acquire one additional common share for a period of two years at a price of 20 cents.

Proceeds of the placement will be applied to the company's property, potential acquisitions 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 Venture Exchange. The company also announces that it has granted to directors, officers, consultants and management of the company stock options to purchase a total of 500,000 common shares at a price of 25 cents per common share. The options are exercisable for a period of two years ending Dec. 16, 2017, and have been granted in accordance with the terms of the company's current stock option plan. The terms of the company's current stock option plan is subject to approval by the exchange.

We seek Safe Harbor.

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