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Manitou Gold Announces Private Placement


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. ....

Richard Murphy , Manitou Gold Inc , Regulation Services Provider , Venture Exchange , Company Or Manitou , Manitou Gold , Income Tax Act , ரிச்சர்ட் மர்பி , ம்யாநிடூ தங்கம் இன்க் , ஒழுங்குமுறை சேவைகள் வழங்குநர் , துணிகர பரிமாற்றம் , நிறுவனம் அல்லது ம்யாநிடூ , ம்யாநிடூ தங்கம் , வருமானம் வரி நாடகம் ,