news on closing of PP
Levon Resources closes $899,925 private placement
2018-02-13 17:44 ET - News Release
Mr. Ron Tremblay reports
LEVON CLOSES $900,000 PRIVATE PLACEMENT
Levon Resources Ltd. has amended and closed its previously announced non-brokered private placement through the issuance of units of the company at a price of 35 cents per unit, for total gross proceeds of $899,925. Each unit will consist of one common share and one common share purchase warrant entitling the holder to acquire one common share of the company at a price of 50 cents per common share for a period of two years from the closing of the placement.
The placement resulted in the issuance of 2,571,214 common shares of the company and 2,571,214 warrants. Proceeds will be utilized for corporate costs and working capital.
Securities sold pursuant to the placement are subject to a four-month resale hold, expiring June 14, 2018, under applicable Canadian securities laws.
About Levon Resources Ltd.
Levon is a gold and precious metals exploration company, exploring the company's 100-per-cent-owned flagship Cordero bulk-tonnage silver, gold, zinc and lead project near Hidalgo Del Parral, Chihuahua, Mexico.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.