AuQ Gold Mining Inc :. Announces Flow Through Financing

(via TheNewswire)

Vancouver, BC –TheNewswire -December 18, 2020 –AuQGold Mining Inc. (TSXV:AUQ)PINK(OTC:NSVLF) (the “Company”) is pleased to announceitplans to complete a non-brokered private placement of up to430,000Flow-ThroughSharesof theCompanyat a price of70centsper sharefor aggregate gross proceeds to theCompanyof up to $301,000.

Each flow-through common shareshall be issued on a flow-through basis as contemplated by the Tax Act(Canada).

The Company may pay finders' fees equal to6per cent of the gross proceeds in cash in accordance with the policies of the TSX Venture Exchange.

The proceeds of the flow-through offering will be used to conduct resource exploration renouncable for the 2020 tax year.

Glen Macdonald, CEO of AuQ stated: "the Board ofDirectors looks forward to active exploration effort in Quebec in 2021."

Contact Person: Mr. Glen Macdonald,P.Geo.

Telephone: [phone]

Email:[e-mail]

 

ON BEHALF OF THE BOARD

(signed)“Glen Macdonald”

Glen Macdonald                                                                                                            Chief Executive Officer and Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements that are based onAuQGold Mining Inc.'s expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, andAuQGold Mining Inc. undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.

 

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