Hanstone Gold Corp. (TSXV:HANS) announced that it has entered into an agreement with Research Capital Corporation as the sole agent and bookrunner for a private placement on a best effort basis for gross proceeds of CAD 5,035,000 and units at a price of CAD 0.40 Per unit and flow-through units at a price of CAD 0.44 per unit on May 10, 2021. Each unit will consist of one common share and one common share purchase warrant. Each flow-through unit will consists of one flow-through common share and one common share purchase warrant. Each warrant will entitle the holder to acquire one share at a price of CAD 0.47 per share for a period of 24 months following the closing date. The company has agreed to grant the agent an over-allotment option to purchase up to an additional 15% of the shares at the issue price, exercisable in whole or in part, at any time for a period of up to 48 hours prior to the closing. The transaction is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the applicable securities regulatory authorities. The common shares, flow-through common shares and warrants comprising the units and flow-through units, the warrant shares, compensation options, and the securities underlying the compensation options to be issued under the offering will have a hold period of four months and one day from the closing date. At closing, the company will pay to the agent a cash commission equal to 8.0% of the gross proceeds arising from the offering. The company will also grant the Agent, on the closing date, compensation options equal to 8.0% of the total number of units and flow-through units sold pursuant to the offering. Each compensation option will entitle the holder thereof to purchase one unit at an exercise price per compensation option unit equal to CAD 0.40 for a period of 24 months following the closing date. The company will use commercially reasonable efforts to list the common shares, flow-through common shares, warrants and the warrant shares on the Exchange, subject to the Company fulfilling all of the listing requirements of the exchange. The closing date of the transaction is scheduled to be on or about June 7, 2021.