Mr. Howard Milne reports
LODGE RESOURCES ANNOUNCES INCREASE IN PRIVATE PLACEMENT
Due to added interest, Lodge Resources Inc. is increasing the maximum amount to be raised under its previously announced non-brokered private placement of units at 35 cents per unit from $805,000 to $1.5-million. All other terms of the private placement remain the same as previously announced. Please see the company's news release of April 16, 2020, for further details regarding the private placement. The company may pay finders' fees to qualified finders of 8 per cent in cash and 8 per cent in warrants. The finders' warrants have the same terms as the warrants to be issued under the private placement, but are not transferable.
The company will be closing the first tranche of the private placement on May 6, 2020.
About Lodge Resources Inc.
The company is a mineral exploration company focused on the acquisition, exploration and development of mineral properties in Canada and the United States.
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