Mr. Charles Desjardins reports
PISTOL BAY CLOSES FINANCING
Pistol Bay Mining Inc. has
closed a non-brokered private placement financing for total gross
proceeds of $355,500.
The company has allotted and issued 7.11 million units at a price of five cents per unit.
Each unit comprises one common share and one transferable warrant, with each warrant
entitling the holder to purchase one additional common share of the company for a period of up to
18 months at a price of six cents.
The company will use the proceeds of the private placement for general working capital purposes.
All securities issued under the private placement are subject to a four-month-and-one-day hold
period expiring on Sept. 29, 2019. The private placement is subject to the final approval of
the TSX Venture Exchange.
Doug McFaul has resigned as a director and chief financial officer of the company. The company would like to thank Mr. McFaul for his past services.
Charles Desjardins, a current director, president and chief executive officer of the company, will assume the role of
interim chief financial officer.
About Pistol Bay Mining Inc.
Pistol Bay is a diversified junior Canadian mineral exploration company with a focus
on zinc and base metal properties in North America. The company is also actively pursuing the right
opportunity in other resources to enhance shareholders value.
We seek Safe Harbor.
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