Each Unit will consist of one common share of the
The Company intends to use approximately
The Offering is anticipated to close on or about the week of
In connection with the Offering, the Company shall pay Finder's Fees equal to 6.0% of the aggregate gross proceeds received by the Company from the sale of Units to the Investors in cash, and compensation options equal to 6.0% of the number of Units sold to the Investors pursuant to the Offering (the 'Compensation Options'). Each Compensation Option entitles the holder thereof to purchase one Unit at an exercise price equal to the Offering Price.
The issuance of the Units and payment of the Finder's Fee is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the
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This press release includes certain statements that may be deemed 'forward-looking statements'. All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.
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