Winston Gold Closes $1,222,500 Private Placement
ACCESSWIRE
WINNIPEG, MB / ACCESSWIRE / July 5, 2021 /
Winston Gold Corp. ('
Corporation')
Private Placement') consisting of 16,300,000 units (the '
Units') at a purchase price of $0.075 per Unit to raise gross proceeds of $1,222,500.
Each Unit consists of one common share (a '
Share') in the share capital of the Corporation and one share purchase warrant (a '
Warrant'). Each full Warrant will entitle the holder to purchase one additional Share in the share capital of the Corporation for a period of 5 years, at an exercise price of $0.12 per Share.
All securities issued in connection with the Private Placement are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.