Each Unit will consist of one common share (a 'Share') of the Company and a half of one warrant (each whole warrant, a 'Warrant'). Each Warrant will entitle the holder to purchase one additional Share at a price of
The Private Placement is subject to regulatory approval. All securities to be issued pursuant to the Private Placement will be subject to a four-month hold period under applicable Canadian securities laws. Finders' fees may be payable in connection with the Private Placement in accordance with the policies of the Canadian Securities Exchange. The size of the Private Placement may be increased at the discretion of the Company, including to allow the Company to satisfy its obligations pursuant to the asset purchase agreement (the 'Asset Purchase Agreement') dated
About
Contact:
Tel: (604) 813-3931
Email: cdonaldson@outbackgoldfields.com
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS
This news release includes certain 'forward-looking statements' under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to: the terms and conditions of the Asset Purchase Agreement; the terms and conditions of the Private Placement; use of proceeds from the Private Placement and the business and operations of the Company after the proposed Transaction. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals; the price of gold and copper and the results of current exploration. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
(C) 2020 Electronic News Publishing, source