Columbus Gold Corp CGTFF

Columbus Announces $1 Million Private Placement

[123buyholdhope]

Columbus Announces $1 Million Private Placement


Vancouver, BC, Canada, August 8, 2019. Columbus Gold Corp. (CGT: TSX, CGTFF: OTCQX)  (“Columbus”) is pleased to announce a non-brokered private placement for gross proceeds of up to CDN$1 million.

The private placement* will be for up to 6,250,000 units at a price of $0.16 per unit.  Each unit will be comprised of one common share of Columbus, and a half warrant. Each full warrant will entitle the holder, on exercise, to purchase one common share of Columbus at a price of $0.32, for a period of 18 months from the closing date of the private placement. Finders fees will be paid in connection with a portion of the private placement in accordance with the policies of the Toronto Stock Exchange (the "TSX"). Columbus intends to use the proceeds of the private placement for exploration and general working capital purposes. The private placement is subject to approval by the TSX.

*The private placement securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.  This news release does not constitute an offer of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

https://twitter.com/EarthsRare

[123buyholdhope]

Imagine with CGT if the permit was already in hand (i.e., France having given mining in FG the go ahead even with restrictions). NG then comes out with the new unreleased infill drill results from around last March 2018. CGT announces to what degree it will fund its 45% of the mine build. Projections on cost v profit v in ground value v share price equivalent start to occupy the news. This does