Golden Tag Resources Announces $1,500,000 Financing & Strengthens Board of Directors
September 11 2019 - 7:41AM
Golden Tag Resources Ltd. (TSX.V: GOG) (the
"
Company") is pleased to announce a private
placement for an aggregate of $1,500,000 comprised of 30,000,000
units (the "
Units") at a price of $0.05 per Unit.
Each Unit consists of one common share (the
"
Shares") and one-half share purchase warrant (the
"
Warrants"). Each whole Warrant will entitle the
holder to purchase one additional Share at a price of $0.07 for a
period of 24 months from the date of issue of the Warrants.
The Company also announces the appointment of
Mr. Chad Williams as a director and Chairman of the Board. Mr.
Williams is the Chairman and founder of Red Cloud Klondike Strike.
He has extensive experience in mining finance and management having
previously held the position of CEO of Victoria Gold Corp., Head of
Mining Investment Banking at Blackmont Capital Inc., and a highly
ranked mining analyst at TD Bank and other Canadian brokerage
firms. Mr. Williams holds both a P.Eng in Mining and an MBA from
McGill University.
Proceeds from the financing will be used for
general working capital.
All securities issued will be subject to a
four-month hold period. Closing of the private placement is subject
to the approval of the TSX Venture Exchange and is expected to
close on or about September 19th, 2019. Finder’s fees, including
cash and 7% finders warrants in accordance with regulatory policy
will be payable.
About Golden Tag
ResourcesGolden Tag Resources Ltd. is a Montreal based
junior exploration company exploring for high-grade silver
deposits. The Company holds a 100% interest in the San Diego
property in Durango State, Mexico. The San Diego property is
located within the Velardeña Mining District, the site of several
mines having produced silver, zinc, lead and gold over the past
century. For more information regarding the San Diego property
please visit our website at www.goldentag.ca. Golden Tag has no
debt and presently has 79,806,558 shares issued and
outstanding.
For additional information, please
contact:Marc A. Carrier, President & CFOPh: (514)
426-8542Fax: (514) 426-8543Email: pres@goldentag.ca
www.goldentag.ca
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Note Regarding
Forward-Looking StatementsThis news release includes
certain forward-looking statements within the meaning of applicable
securities including the anticipated completion of a private
placement. Forward-looking statements are statements that relate to
future, not past, events. In this context, forward-looking
statements often address expected future business and financial
performance, and often contain words such as "anticipate",
"believe", "plan", "estimate", "expect", and "intend", statements
that an action or event "may", "might", "could", "should", or
"will" be taken or occur, or other similar expressions. Estimates
of mineral resources and reserves are also forward-looking
statements because they constitute projections regarding the amount
of minerals that may be encountered in the future. All statements,
other than statements of historical fact, included herein
including, without limitation; statements about the terms and
completion of the transaction are forward-looking statements. By
their nature, forward-looking statements involve known and unknown
risks, uncertainties and other factors, which may cause the actual
results, performance or achievements, or other future events, to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Forward-looking statements are made based on
management's beliefs, estimates and opinions on the date that
statements are made, and the respective companies undertakes no
obligation to update forward-looking statements if these beliefs,
estimates and opinions or other circumstances should change, except
as required by applicable securities laws. Investors are cautioned
against attributing undue certainty to forward-looking
statements.
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