2023-03-20 07:12 ET - News Release
Mr. William Fleming reports
MLK GOLD LTD. COMPLETES $245,000 PLACEMENT
MLK Gold Ltd. has closed a non-brokered private placement generating gross proceeds of $244,392.01 through the sale of an aggregate of 8,146,400 units at a price of three cents per unit. Each unit comprised one common share and one share purchase warrant. Each warrant entitles the holder to acquire an additional common share at a price of five cents per share until March 17, 2024. All securities issuable in the placement are subject to a four-month hold period expiring on July 18, 2023, in accordance with applicable securities laws.
No finders' fees were payable in connection with the placement. The proceeds of the placement will be utilized for exploration activities and general working capital purposes.
About MLK Gold Ltd.
Founded in 2018, MLK Gold is quickly emerging as one of Atlantic Canada's exciting resource exploration companies offering exposure to gold and the strategic metal representing a unique mix of discovery and resource development potential. Invested in a portfolio of gold projects in mining and mineral-rich Newfoundland, MLK's plan is to capitalize on the province's ranking as one of the world's top 10 mining jurisdictions and expand into a long-life, financially sound gold mining company.
We seek Safe Harbor.