ENP Newswire -
Release date- 28082014 -
Proceeds from the Private Placement will be used towards the Company's ongoing strategic partnering and corporate development initiatives as well as general working capital and project development expenditures.
The Private Placement will comprise two offerings on the same terms. The first offering will be for up to
The Private Placement will result in the Company issuing up to 14 million units (the 'Units') at a price of
The First Offering will be made available to existing shareholders, who as of the share register record date of
Further information in respect of BC Instrument 45-534 is set out below. If subscriptions received in respect of the First Offering exceed
Tel: +1 514 289 1183
Tel: +1 604 349 9644
The Private Placement is subject to certain conditions including, but not limited to, receipt of all required regulatory approvals. The securities issued by the Company in connection with the Private Placement are subject to a 4-month 'hold period' as prescribed by the
The unique attributes of the Hopes Advance project, in particular the expected low life of mine operating cost of
BC Instrument 45-534 Information
Under BC Instrument 45-534, a subscribing shareholder, in purchasing the Units being offered in the First Offering, will need to represent in writing that, on or before the record date, they acquired and continue to hold, common shares of the Company.
The aggregate acquisition cost to a subscribing shareholder under BC Instrument 45-534 cannot exceed
Alternatively, the Company may utilize other available regulatory exemptions in addition to the new existing shareholder exemption. The maximum aggregate gross proceeds under the First Offering are
Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, 'forward looking statements'. Forward looking statements may be identified by words including 'anticipates', 'believes', 'intends', 'estimates', 'expects' and similar expressions.
The Company cautions readers that forward looking statements, including without limitation those relating to the Company's future operations and business prospects are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward looking statements.
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