Golden Pursuit closes $400,000 private placement Golden Pursuit Resources Ltd (2) (C:GDP)
Shares Issued 19,782,052
Last Close 5/6/2020 $0.31
Wednesday May 6 2020 - News Release
Mr. Brian McClay reports
GOLDEN PURSUIT COMPLETES FINANCING
Further to its news release dated March 25, 2020, Golden Pursuit Resources Ltd. has completed its private placement offering of four million units at 10 cents per unit for gross proceeds of $400,000. Each unit consists of one postconsolidated common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to acquire an additional postconsolidated common share, exercisable at 12 cents per share, on a postconsolidated basis, for a period of two years from the date of closing of the offering.
In accordance with the policies of the TSX Venture Exchange, $8,000 in cash was paid by the company to a finder with respect to the offering.
All of the securities distributed under the offering are subject to a four-month hold period, expiring on Aug. 31, 2020.