Cuspis“) are pleased to announce that they have completed their previously announced qualifying transaction (the “
Transaction“) under TSX Venture Exchange (“
TSXV“) Policy 2.4 –
The Transaction was completed by way of statutory plan of arrangement under the
Business Corporations Act (Ontario). Pursuant to the Transaction, the Company has acquired 100% of the issued and outstanding shares in the capital of Cuspis (“
Cuspis Shares“) in exchange for the issuance of 6,162,072 ordinary shares in the capital of the Company (“
Shares“) to the former shareholders of Cuspis. The Company also issued 604,500 stock options (“
Options“) of the Company to former holders of stock options of Cuspis, with each Option being exercisable to purchase one Share at a price of C$0.4963 until March 12, 2024. In connection with the Transaction, the Company also issued 291,880 Shares to Tri View Capital Ltd. (“
Cuspis Capital Ltd : Graphene Manufacturing Group and Cuspis Capital Announce Closing of Qualifying Transaction
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Gold79 Announces Closing of Oversubscribed Private Placement Financing Raising $2 2 Million
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Gold79 Mines Ltd.: Gold79 Announces Closing of Oversubscribed Private Placement Financing Raising $2.2 Million
Ottawa, Ontario (Newsfile Corp. - April 12, 2021) - Gold79 Mines Ltd. (TSXV: AUU) ( Gold79 or the Company ) announces that it has closed its non-brokered private placement financing raising gross proceeds of $2,210,000 with the issuance of a total of 27,625,000 units at $0.08 per unit (the Offering ). Each unit consists of one common share of the Company and one common share purchase warrant. A total of 27,625,000 warrants were issued entitling the holders to purchase one common share of the Company at a price of $0.12 per share until April 9, 2023.
Mr. Gary Thompson, Executive Chairman and current CEO stated,
Press Release - MINING COM
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