The Offering will now consist of 3,041,668 flow-through units ('FT Units') and 1,640,000 non-flow-through units (the 'NFT Units'). The FT Units are priced at
The Company has agreed to pay a finder's fee of up to 6% cash and 6% finders' warrants on a portion of the Offering proceeds. Finders' warrants associated with the FT Units will entitle the holder to purchase one common share of the Company at
The Company will use the proceeds of the Offering to fund its initial drilling program at the 100%-owned McDonough Gold Property and for general working capital purposes.
The Company will rely on subsections 5.5(b) and 5.7(1)(a) of Multilateral Instrument 61-101 to exempt the offering from the requirements for a formal valuation and minority shareholder approval. To the Company's knowledge, neither it nor the purchasers have knowledge of any material information concerning the Company or its securities that has not been generally disclosed.
Completion of this Offering is subject to
About
GoldON is an exploration company focused on discovery-stage properties located in the prolific gold mining belts of northwestern
Contact:
President
T: (204) 724-0613
Email: info@goldonresources.com
Forward-Looking Statements:
This news release may contain 'forward-looking statements' that involve known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events, or results or otherwise.
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