02:29:00 EDT Sun 05 May 2024
Enter Symbol
or Name
USA
CA



Angkor Gold Corp
Symbol ANK
Shares Issued 105,980,543
Close 2018-07-16 C$ 0.18
Market Cap C$ 19,076,498
Recent Sedar Documents

ORIGINAL: Angkor Gold closes convertible note private placement

2018-07-16 17:02 ET - News Release

Received by email:

File: 2018-07-16-Convertible-Note-NR.pdf

                                             ANGKOR GOLD CORP.
                                              PRIVATE PLACMENT

SEXSMITH, AB (July 16, 2018) ANGKOR GOLD CORP. (TSXV: ANK and OTC: ANKOF) ("Angkor" or "the
Company") the "Company") a leading Canadian gold and copper mineral explorer in Cambodia, is pleased to announce
that it has closed the final tranche of its previously announced convertible note offering ("The Notes") for a final a
--->ggregate
total of $1,050,000 raised.

The Notes have a three (3) year term and bear interest at the rate of six percent (6.00%) per annum if paid in cash or
---> ten
percent (10%) per annum if paid by common shares. The Note holders may, at their discretion, have the interest payment
--->s
made in cash or in common shares at an issue price equal to the market price at the time of settlement. At the end of 
--->the
term the Company will have the option to convert the principal amount into common shares in the capital of the Company
at a conversion price of $0.25 per share, or repay the outstanding principal in cash. The Notes will also consist of a
---> detachable
warrant exercisable for a common share in the Company at $0.30 for a period 3 years from the issue date.

Pending TSX-V approval, the Company will issue the second tranche of the convertible notes for $500,000 along with the
2,000,000 warrants. The Company notes that insider participation in the second tranche of The Notes was $450,000.

The proceeds from this offering will be used to finance continued gold and copper exploration on Angkor's five explora
--->tion
licenses in Cambodia, and for general working capital purposes.


ABOUT ANGKOR GOLD CORP.

ANGKOR Gold Corp. is a public company listed on the TSX-Venture Exchange and is a leading mineral explorer in
Cambodia, with a large land package and a first-mover advantage building strong relationships with all levels of gover
--->nment
and stakeholders.

On behalf of the Board,

Mike Weeks, Executive Chairman
Angkor Gold Corp.

CONTACT:

Stephen Burega, CEO
Telephone: (647) 515-3734
Email: sb@angkorgold.ca
Website: http://www.angkorgold.ca or follow us on Twitter @AngkorGold


  Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TS
--->X
                Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.




                                         Box 153, Sexsmith, AlbertaT0H 3C0
                                         Canada dot www.angkorgold.ca
 


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