Mr. Jeff Swinoga reports
EXPLOITS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UP TO $1 MILLION OF FLOW-THROUGH SHARES
Exploits Discovery Corp. has arranged a non-brokered private placement of up to 12.5 million flow-through common shares at a price of eight cents per FT share for gross proceeds of up to $1-million.
The gross proceeds received by the company from the offering will be used to incur eligible Canadian exploration expenses that are flow-through mining expenditures (as such term is defined in the Income Tax Act (Canada)) related to the company's mining projects.
Finders' fees may be payable, in accordance with the policies of the Canadian Securities Exchange, and 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. The 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. Exploits is utilizing its experienced, talented local team and geologic understanding with the vision to become one of the most successful explorers in Canada.
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