Mr. Jeff Swinoga reports
EXPLOITS ANNOUNCES $2 MILLION NON-BROKERED PRIVATE PLACEMENT OF FLOW-THROUGH SHARES
Exploits Discovery Corp. will conduct a non-brokered private placement of up to 18,181,818 flow-through (FT) common shares at a price of 11 cents per FT share for gross proceeds of up to $2.0-million.
The gross proceeds received by the company from the offering will be used to incur eligible Canadian exploration expenses (CEE) that are flow-through mining expenditures (as such term is defined in the Income Tax Act(Canada)) related to the company's mining projects.
In connection with the offering, the company may pay a finder's fee in respect of subscribers introduced to the company by an eligible finder.
All securities issued under the offering will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws.
Completion of the offering remains subject to any required regulatory approvals.
About Exploits Discovery Corp.
Exploits is a Canadian mineral exploration company focused on the acquisition and development of mineral projects in Newfoundland and Labrador, Canada. The company is focused on discovering high-grade structurally hosted epizonal gold similar to New Found Gold's success along the Appleton fault zone and parallel structures within the Exploits subzone.
Exploits is utilizing its experienced, talented local team and geologic understanding with the vision to become one of the most successful explorers in Canada.
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.