Manitou Gold : Provides Update Regarding Upcoming Annual Meeting
marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
Manitou Gold Provides Update Regarding Upcoming Annual Meeting
financialpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialpost.com Daily Mail and Mail on Sunday newspapers.
Manitou Gold Announces Closing of $5,031,000 Private Placement, Strategic Investments by Alamos Gold and O3 Mining
leaderpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leaderpost.com Daily Mail and Mail on Sunday newspapers.
Company” or “
Offering”) pursuant to which it will issue up to 45,754,545 “flow-through” common shares (“
FT Shares”) at a price of $0.11 per FT Share to raise aggregate gross proceeds of up to $5,033,000.
The Company may also issue such number of broker warrants as is equal to up to 7% of the FT Shares sold in the Offering, to certain eligible registrants assisting in the Offering. Each such broker warrant shall entitle the holder to acquire one common share of the Company at a purchase price of $0.11 per share for a period of three years from the closing of the Offering.
An amount equal to the gross proceeds from the sale of the FT Shares will be used for expenditures which qualify as Canadian exploration expenses (“CEE”) and “flow-through mining expenditures” (within the meaning of the Income Tax Act (Canada)). The Company will renounce such CEE with an effective date of no later than December 31, 2021.