Each Unit will consist of one (1) common share of the Company and one (1) non-transferable share purchase warrant (the 'Warrants'). Each Warrant will be exercisable to acquire one additional common share at an exercise price of
The net proceeds of the offering will be used to advance exploration activities at the Company's Mon Gold Property, as well as for general working capital. Finders' fees may be paid on the offering pursuant to the policies of the Canadian Securities Exchange.
About the Company
Other targets on the property include recently discovered silver- and gold-rich volcanogenic massive sulphide (VMS) targets, as well as shear zone-hosted gold mineralization. The shear zones are similar in nature to, and hosted in the same rocks as, the world-class deposits at the Con and Giant Mines in
The Company also has an option agreement to acquire a 100% interest in the highly prospective and contiguous 2,394 hectare Hangstone Property adjoining the Mon Property to the East and South from an independent prospector. The Mon Property shear zone and VMS targets can be projected onto the Hangstone Property. Geochemical samples have been collected and are being shipped for analysis.
Contact:
Tel: 604-818-1400
Statements about the Company's future expectations and all other statements in this press release other than historical facts are 'forward looking statements'. Such forward-looking statements are based on numerous assumptions, and involve known and unknown risks, uncertainties and other factors, including risks inherent in mineral exploration and development, which may cause the actual results, performance, or achievements of the Company to be materially different from any projected future results, performance, or achievements expressed or implied by such forward-looking statements. Further details about the risks applicable to the Company are contained in the Company's Prospectus dated
THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in
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