Winshear Increases Private Placement to $1.32 Million
24 Julho 2020 - 6:44PM
Winshear Gold (TSX-V: WINS) announces that,
pursuant to the news release dated July 17, 2020, it has increased
its non-brokered private placement financing to $1,320,000.
The financing will now consist of up to
11,000,000 Units priced at 12c per
Unit, whereby each Unit is comprised of one
(1) common share of the Company and
one half (1/2)
warrant, whereby one full warrant
entitles the holder to purchase one common share of the Company for
18c per common share at any time within 24
months of closing the financing. All shares issued will be
subject to a 4 month plus one day hold period from the date of
issuance. Completion of the private placement is subject to certain
conditions, including the approval of the TSX Venture Exchange. All
securities issued as part of this private placement will be subject
to a hold period of four months and one day from the date of
issuance of the securities. A finder's fee commensurate with
regulatory policies may be paid if applicable.
Proceeds from the financing will be used for
exploration, corporate development and general working capital
purposes. Winshear Gold is focused on advancing the Gaban Gold
Project to a drilling programme in south eastern Peru.
About Winshear Gold Corp.
In 2019 Winshear Gold Corp. acquired the Gaban
Gold Project in the Puno region, SE Peru and the Tinka IOCG project
in the Ica district, southern Peru, from Palamina Corp. The
Company, formerly Helio Resource Corp., has also commenced
arbitration against the Tanzanian government to recover its
investment in the SMP gold project in Tanzania.
For additional information please visit our webpage at
www.winshear.com.
ON BEHALF OF THE BOARD OF
DIRECTORS
“Mark Sander”Mark Sander, President
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Caution Regarding Forward Looking
StatementsCertain of the statements made and information
contained in this press release may constitute forward-looking
information and forward-looking statements (collectively,
“forward-looking statements”) within the meaning of applicable
securities laws, including whether the private placement will be
completed or fully subscribed. The forward-looking statements in
this press release reflect the current expectations, assumptions or
beliefs of the Company based upon information currently available
to the Company. With respect to forward-looking statements
contained in this press release, assumptions have been made
regarding, among other things, the reliability of information
prepared and/or published by third parties that are referenced in
this press release or was otherwise relied upon by the Company in
preparing this press release. Although the Company believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance and no assurance can be given that these
expectations will prove to be correct as actual results or
developments may differ materially from those projected in the
forward-looking statements. Factors that could cause actual results
to differ materially from those in forward-looking statements
include the general level of global economic activity. Readers are
cautioned not to place undue reliance on forward-looking statements
due to the inherent uncertainty thereof. Such statements relate to
future events and expectations and, as such, involve known and
unknown risks and uncertainties. The forward-looking statements
contained in this press release are made as of the date of this
press release and except as may otherwise be required pursuant to
applicable laws, the Company does not assume any obligation to
update or revise these forward-looking statements, whether as a
result of new information, future events or otherwise.
We may also be reached by phone at (604) 210-8753 or by e-mail at mark@winshear.com
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