Winston Gold Closes $2,593,528 Private Placement With a Lead Order From Palisades Goldcorp
Winston Gold Corp. (CSE:WGC)(OTCQB:WGMCF) has successfully closed a non-brokered private placement, raising $2,593,528 through the issuance of 28,816,983 units at $0.09 each. Each unit includes one common share and one warrant, with a five-year exercise price set at $0.13. The funds will support general corporate purposes and advance the Winston gold project in Montana to test mining. A finder's fee of $24,000 and 266,666 finder’s warrants were issued in connection.
- Raised $2,593,528 through private placement.
- Funds will advance the Winston gold project to test mining phase.
- Strong backing from Palisades Goldcorp Ltd. enhances investor confidence.
- None.
WINNIPEG, MANITOBA / ACCESSWIRE / February 18, 2021 / Winston Gold Corp. ("Winston Gold" or the "Corporation") (CSE:WGC)(OTCQB:WGMCF) is pleased to announce the closing of a non-brokered private placement (the "Private Placement") with a lead order by Palisades Goldcorp Ltd. consisting of 28,816,983 units (the "Units") at a purchase price of
Each Unit consists of one common share (a "Share") in the share capital of the Corporation and one share purchase warrant (a "Warrant"). Each full Warrant will entitle the holder to purchase one additional Share in the share capital of the Corporation for a period of 5 years, at an exercise price of
All securities issued in connection with the Private Placement are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. A finder's fee of
The net proceeds from the Private Placement will be used for general corporate purposes and to advance the Winston gold project, near Helena Montana, to a test mining phase.
About Palisades Goldcorp
Palisades Goldcorp is Canada's new resource focused merchant bank. Palisades' management team has a demonstrated track record of making money and is backed by many of the industry's most notable financiers. With junior resource equities valued at generational lows, management believes the sector is on the cusp of a major bull market move. Palisades is positioning itself with significant stakes in undervalued companies and assets with the goal of generating superior returns.
About Winston Gold
Winston Gold is a junior mining company focused on advancing high-grade, low cost mining opportunities into production. Towards that end, the Corporation has acquired an underexplored and under-exploited gold/silver mining opportunity, being the Winston Gold project near Helena, Montana.
ON BEHALF OF THE BOARD OF DIRECTORS OF THE CORPORATION
For further information, please contact
Murray Nye, Chief Executive Officer
Suite 201-919 Notre Dame Avenue, Winnipeg, Manitoba, R3E 0M8 Canada
Telephone: (204) 989-2434, E-mail: murray@winstongold.com
The CSE has neither approved nor disapproved the information contained herein.
SOURCE: Winston Gold Corp.
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https://www.accesswire.com/630643/Winston-Gold-Closes-2593528-Private-Placement-With-a-Lead-Order-From-Palisades-Goldcorp
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