An anonymous director reports
STAKEHOLDER PROVIDES TERMS FOR PRIVATE PLACEMENT
Stakeholder Gold Corp. has arranged a non-brokered private placement financing at 80 cents per unit. Each unit consists of one common share priced at 80 cents per common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at $1.20 for a period of two years from the closing of the private placement.
Each whole warrant has an early exercise provision that allows the company to trigger exercise of the warrant when the 10-day average price of common shares traded on the TSX Venture Exchange exceeds $1.50 per share. Thirty days after the trigger date, any unexercised warrants will be deemed to be null and void. All securities issued under this private placement will be subject to a hold period expiring four months and one day from the date of closing.
Proceeds will be used for exploration on the company's Ballarat exploration project in the White gold district located in the Yukon Territory, Canada, and for developing the company's exotic stone quartzite business in Minas Gerais, Brazil.
We seek Safe Harbor.
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