06:09:43 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Le Mare Gold Corp
Symbol LMGC
Shares Issued 17,643,616
Close 2019-04-17 C$ 0.065
Market Cap C$ 1,146,835
Recent Sedar Documents

Le Mare Gold extends $605,000 financing

2019-04-23 16:21 ET - News Release

Mr. Bryson Goodwin reports

LE MARE GOLD CORP. ANNOUNCES EXTENSION ON FINANCING

Le Mare Gold Corp. will extend its financing under the same terms as previously announced in a news release dated Feb. 21, 2019.

The company will issue up to 11 million units at a purchase price of 5.5 cents per unit, for total gross proceeds of up to $605,000. Each unit will consist of one common share of the company and one transferrable share purchase warrant.

Each warrant will entitle the holder to acquire one additional common share at an exercise price of 50 cents for a period of 12 months from the closing of the private placement, subject to accelerated expiry.

All securities issued pursuant to the private placement will be subject to a hold period expiring six months after closing. If at any time after six months following the closing, the closing price of the company's common shares is at or above $1 per share for 10 consecutive days, the company may provide notice to the warrant holders that the expiry date of the warrants has been accelerated and that warrants not exercised within 30 days will expire.

The company will use the proceeds from the private placement towards seeking future acquisitions and general working capital purposes. The private placement is subject to TSX Venture Exchange approval. There may be finders' fees payable in accordance with the policies of the TSX-V.

We seek Safe Harbor.

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