Exploits Announces Non-Brokered Private Placement of up to $1 Million of Flow-Through Shares
Exploits Discovery Corp. (CSE: NFLD) (OTCQX: NFLDF) has announced a non-brokered private placement of up to 12,500,000 flow-through common shares at $0.08 per share, aiming to raise up to $1 million. The funds will be used for eligible Canadian exploration expenses that qualify as flow-through mining expenditures for the company's mining projects. The offering is subject to regulatory approvals, and securities will have a four-month-and-one-day hold period. Finder's fees may be payable, and the shares will not be registered under the U.S. Securities Act, limiting their sale within the United States.
Exploits Discovery Corp. (CSE: NFLD) (OTCQX: NFLDF) ha annunciato un collocamento privato non mediato di fino a 12.500.000 azioni ordinarie con flusso continuativo a 0,08 $ per azione, con l'obiettivo di raccogliere fino a 1 milione di dollari. I fondi saranno utilizzati per spese di esplorazione canadesi idonee che si qualificano come spese minerarie a flusso per i progetti minerari dell'azienda. L'offerta è soggetta ad approvazioni normative e i titoli avranno un periodo di blocco di quattro mesi e un giorno. Potrebbero essere dovute commissioni per il collocamento, e le azioni non saranno registrate ai sensi dell'U.S. Securities Act, limitando la loro vendita all'interno degli Stati Uniti.
Exploits Discovery Corp. (CSE: NFLD) (OTCQX: NFLDF) ha anunciado un colocación privada no mediada de hasta 12.500.000 acciones ordinarias fluidas a $0.08 por acción, con el objetivo de recaudar hasta $1 millón. Los fondos se utilizarán para gastos de exploración canadienses elegibles que califiquen como gastos mineros de flujo para los proyectos mineros de la empresa. La oferta está sujeta a aprobaciones regulatorias, y los valores tendrán un período de restricción de cuatro meses y un día. Pueden ser pagadas comisiones para los intermediarios, y las acciones no estarán registradas bajo la Ley de Valores de EE. UU., lo que limita su venta dentro de Estados Unidos.
Exploits Discovery Corp. (CSE: NFLD) (OTCQX: NFLDF)는 최대 12,500,000개의 흐름 주식을 중개인 없는 사모 배정으로 주당 0.08달러에 공모한다고 발표했습니다. 이로 인해 최대 100만 달러를 모금하는 것을 목표로 하고 있습니다. 자금은 회사의 광산 프로젝트에 대해 흐름형 광산 비용으로 구분되는 캐나다의 자격 있는 탐사 비용에 사용됩니다. 이 제안은 규제 기관의 승인을 받으며, 증권에는 4개월 1일의 보유 기간이 있습니다. 중개 수수료가 발생할 수 있으며, 주식은 미국 증권법에 따라 등록되지 않아 미국 내 판매가 제한됩니다.
Exploits Discovery Corp. (CSE: NFLD) (OTCQX: NFLDF) a annoncé un placement privé sans courtier pouvant aller jusqu'à 12.500.000 actions ordinaires à flux au prix de 0,08 $ par action, dans le but de lever jusqu'à 1 million de dollars. Les fonds seront utilisés pour des dépenses d'exploration canadiennes éligibles qualifiant comme dépenses d'extraction à flux pour les projets miniers de l'entreprise. L'offre est soumise à des approbations réglementaires, et les titres auront une période de blocage de quatre mois et un jour. Des frais de recherche peuvent être dus, et les actions ne seront pas enregistrées en vertu de la Loi sur les valeurs mobilières américaine, ce qui limite leur vente aux États-Unis.
Exploits Discovery Corp. (CSE: NFLD) (OTCQX: NFLDF) hat eine nicht vermittelte Privatplatzierung von bis zu 12.500.000 Flussaktien zu einem Preis von 0,08 $ pro Aktie angekündigt, mit dem Ziel, bis zu 1 Million $ zu sammeln. Die Mittel werden für berechtigte kanadische Erkundungsausgaben verwendet, die als fließende Bergbauausgaben für die Bergbauprojekte des Unternehmens qualifiziert sind. Das Angebot unterliegt genehmigungsrechtlichen Vorschriften, und die Wertpapiere haben eine Bindungsfrist von vier Monaten und einem Tag. Vermittlungsgebühren können anfallen, und die Aktien werden nicht nach dem U.S. Securities Act registriert, was den Verkauf innerhalb der Vereinigten Staaten einschränkt.
- Potential to raise up to $1 million in funding
- Funds to be used for eligible Canadian exploration expenses
- Flow-through shares may provide tax benefits to investors
- Potential dilution of existing shareholders
- Uncertainty of completing the full $1 million offering
- Four-month-and-one-day hold period may limit short-term liquidity for new investors
Toronto, Ontario--(Newsfile Corp. - September 9, 2024) - Exploits Discovery Corp. (CSE: NFLD) (OTCQX: NFLDF) (FSE: 634) ("Exploits" or the "Company") is pleased to announce a non-brokered private placement (the "Offering") of up to 12,500,000 flow-through common shares ("FT Shares") at a price of
The gross proceeds received by the Company from the Offering will be used to incur eligible "Canadian exploration expenses" ("CEE") that are "flow-through mining expenditures" (as such term is defined in the Income Tax Act (Canada)) related to the Company's mining projects.
Finder's 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. Completion of the Offering remains subject to any required regulatory approvals.
The securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements. "United States" and "U.S. person" have the respective meanings assigned in Regulation S under the U.S Securities Act.
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.
On Behalf of the Board
/s/ "Jeff Swinoga"
President and CEO
For more information, please contact:
Shanda Kilborn
VP, Corporate Development & Investor Relations
+1 (778) 819-2708
shanda@exploits.gold
https://exploitsdiscovery.com
Neither the Canadian Securities Exchange nor its Regulation Service Provider (as the term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of this news release.
Not for distribution to United States Newswire Services or for dissemination in the United States
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/222599
FAQ
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