Deer Horn Announces Increase to Non-Brokered Private Placement to $420,000
February 04 2020 - 8:19PM
Deer Horn Capital Inc. (CSE: DHC) (the “Company” or “Deer Horn”),
announces that it has increased its private placement (announced on
January 27 ,2020) to raise an additional $70,000 to include up to
1,000,000 flow-through units at a price of $0.07/unit.
Each flow-through unit consists of one flow-through common share
and one common share purchase warrant exercisable at $0.10 per
warrant share for a period of two years following the close of the
offering. The increase will result in the
issuance of up to 8,000,000 units, of which 7,000,000 are units
issued at $0.05/unit, consisting on one common share and one common
share purchase warrant exercisable at $0.10 per warrant share for a
period of two years following the close of the offering. The
Company may pay a finder’s fee consisting of cash, shares and/or
warrants to eligible finders as permitted under applicable
securities laws and CSE policies. Proceeds from this offering
will be used for general corporate purposes.
About Deer Horn CapitalDeer
Horn Capital is committed to exploring for, and providing,
strategic and critical metals vital to a low-carbon economy and for
the advancement of technology. The Company’s leadership has a track
record of project monetization with a board and advisory group that
includes industry leaders in finance, mineral property development,
geology, mineralogy, solar power, engineering, research and First
Nations engagement and economic development.
On behalf of the board of directors ofDeer Horn Capital Inc.
“Tyrone Docherty” Tyrone DochertyPresident and CEO |
For further information please contact: Tyrone
Docherty604.789.5653tyrone@deerhorncapital.ca |
Neither the Canadian Securities Exchange
nor its regulations services accept responsibility for the adequacy
or accuracy of this release.
Forward-looking informationAll
statements included in this press release that address activities,
events or developments that the Company expects, believes or
anticipates will or may occur in the future are forward-looking
statements. These forward-looking statements involve numerous
assumptions made by the Company based on its experience, perception
of historical trends, current conditions, expected future
developments and other factors it believes are appropriate in the
circumstances. In addition, these statements involve substantial
known and unknown risks and uncertainties that contribute to the
possibility that the predictions, forecasts, projections and other
forward-looking statements will prove inaccurate, certain of which
are beyond the Company’s control. Readers should not place
undue reliance on forward-looking statements. Except as
required by law, the Company does not intend to revise or update
these forward-looking statements after the date hereof or revise
them to reflect the occurrence of future unanticipated event.
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