Mr. Satvir Dhillon reports
TORRENT GOLD INC. ANNOUNCES $480,000 PRIVATE PLACEMENT OFFERING
Torrent Gold Inc. intends to complete a non-brokered private placement of up to 2.4 million common shares in the capital of the company at a price of 20 cents per common share, for aggregate gross proceeds of up to $480,000. The company reserves the right to increase the size of the offering, subject to Canadian Securities Exchange (CSE) approval.
It is expected that the net proceeds from the offering will be primarily used to settle current accounts payable and for general working capital purposes.
Any securities to be issued under the offering will be subject to a hold period of four months and a day from the closing date of the offering in accordance with applicable Canadian securities laws and such other further restrictions as may apply under foreign securities laws.
About Torrent Gold Inc.
Torrent Gold is a mineral and natural resources exploration company that leverages its years of combined experience in capital markets and mining for acquisition and exploration during the resource commodity cycles.
We seek Safe Harbor.
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