05:07:22 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



ML Gold Corp
Symbol MLG
Shares Issued 107,222,763
Close 2018-06-28 C$ 0.09
Market Cap C$ 9,650,049
Recent Sedar Documents

ML Gold closes $1.62-million private placement

2018-06-29 12:33 ET - News Release

Mr. Adrian Smith reports

ML GOLD CLOSING OF FINANCING

ML Gold Corp. has closed its non-brokered private placement announced on June 13, 2018.

Proceeds from the closing of the private placement are $1,624,000. The private placement consisted of the issuance of 12,737,500 non-flow-through units at a price of eight cents per non-flow-through unit and 6.05 million flow-through units at 10 cents per flow-through unit.

Each non-flow-through unit at eight cents comprises one common share in the capital of the company and one non-transferable share purchase warrant. Each non-flow-through warrant is exercisable into one common share at a price of 12 cents for a period of two years.

Each flow-through unit at 10 cents comprises one flow-through common share and one-half of one non-transferable share purchase warrant. Each full flow-through unit warrant is exercisable into one non-flow-through share at a price of 14 cents for a period of two years.

The non-flow-through shares and flow-through shares, including any non-flow-through shares issuable upon exercise of flow-through warrants and non-flow-through warrants, are subject to a hold period expiring on Oct. 27, 2018.

A total of $38,160 in cash, 357,000 non-flow-through broker warrants and 296,000 flow-through broker warrants were issued as finders' fees on the private placement.

The net proceeds from the private placement will be used for general working capital purposes and exploration of the company's Stars property.

About ML Gold Corp.

ML Gold is a Canadian company listed on the TSX Venture Exchange, focused on creating shareholder value through discoveries and strategic development of mineral properties in Canada and the United States.

We seek Safe Harbor.

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