ENP Newswire -
Release date- 27082014 -
The Company issued 2,230,000 Units (the 'Units') and 15,418,668 flow through units (the 'FT Units') for gross proceeds of
Each FT Unit consists of one Common Share and one-half of one common share purchase warrant (the 'FT Warrant'). Each whole FT Warrant entitles the holder thereof to purchase one Common Share at a price of
The Company also announces that as per the revised property agreement dated
The Company intends to use the net proceeds of the Offering primarily for expenditures on the
Total finder's fees of
All Common Shares issued and issuable hereunder (including those issuable upon the exercise of Warrants, FT Warrants and the Compensation Warrants) are subject to a hold period expiring
Tel: (604) 629-1808
Cautionary Note Regarding Forward Looking Statements
Certain disclosure in this release, including statements regarding the use of the proceeds from the private placement, the purchase of the Lac de la Grosse Femmelle property, the identification of corporate objectives, together with related additional assumptions and risks, constitute forward-looking statements.
In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company, including that the Company is able to obtain any government or other regulatory approvals required to complete the private placement and the Company's planned and ongoing exploration activities, that the Company is able to complete the private placement, that the Company is able to procure personnel, equipment and supplies required for its exploration activities in sufficient quantities and on a timely basis and that actual results of exploration activities are consistent with management's expectations.
Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements.
Such risk factors include, among others, that the private placement will not be completed, that actual results of the Company's exploration activities will be different than those expected by management and that the Company will be unable to obtain or will experience delays in obtaining any required government approvals or be unable to procure required equipment and supplies in sufficient quantities and on a timely basis.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
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