Mr. Scott Gibson reports
COLLINGWOOD ANNOUNCES PRIVATE PLACEMENT AND CANCELLATION OF
PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT
Collingwood Resources Corp. has arranged a non-brokered private placement. The
private placement consists of the sale of up to 1.2 million shares at a price of 19 cents per
share for gross proceeds of up to $228,000.
Subject to the approval of the TSX Venture Exchange, cash finders' fees may be paid in respect of
subscriptions by certain arm's-length subscribers.
The proceeds of the private placement will be used to evaluate the potential acquisition of exploration
projects to serve as the company's qualifying transaction under TSX Venture Exchange policies and
for general working capital purposes.
Closing of the private placement remains subject to the approval of the TSX Venture Exchange. All the
securities issued under the private placement are subject to a hold period expiring four months and one
day from the date of issuance.
The company also wishes to announce that it will not be proceeding with the non-brokered private placement of up to 1.2 million shares at a price of 19.5 cents per share for gross proceeds of up to $234,000
as announced on Jan. 6, 2023.
We seek Safe Harbor.
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