Intact Gold closes $200,000 private placement
INTACT GOLD CLOSES $200,000 NON-BROKERED FLOW THROUGH PRIVATE PLACEMENT
Intact Gold Corp. has closed its previously announced non-brokered flow-through private placement (see news release dated May 20, 2016).
The private placement consisted of the issuance of 1.25 million units at a price of 16 cents per unit for gross proceeds of $200,000. Each unit comprises one flow-through common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share until May 20, 2018, at a price of 20 cents.
In connection with closing of the private placement, the company paid certain finders’ fees of $18,000 cash.
The securities issued under the private placement are subject to a hold period expiring on Sept. 20, 2016.
Proceeds of the placement will be applied to the company’s properties.
We seek Safe Harbor.