Monday, March 20, 2017 12:09:03 PM
The company has allotted and issued 5,566,126 units at a price of seven cents per non-flow-through unit and 1,764,534 flow-through units at the price of nine cents per flow-through unit. The total gross hard dollars raised are $389,628.83 and the total gross flow-through dollars are $158,808.06.
The non-flow-through units comprises one common share and one transferable share purchase warrant, with each warrant entitling the holder to purchase one additional common share of the company for a period of up to 18 months at a price of 12 cents.
The flow-through units comprise one common share and one-half of one transferable share purchase warrant, with each whole warrant entitling the holder to purchase one additional non-flow-through common share of the company for a period of up to 18 months at a price of 15 cents.
In addition, the company has paid finders' fees of a total of $9,580 and issued 50,000 finders' warrants to a registered dealer authorizing the holder to acquire one common share of the company for a period of 18 months at a price of 12 cents and 72,000 finders' warrants to a registered dealer authorizing the holder to acquire one unit of the company for a period of 18 months at a price of 12 cents. The unit consists of one common share and one non-transferable share purchase warrant exercisable at a price of 15 cents for 18 months from issuance.
The company will use the proceeds of the private placement for qualified exploration expenditures on the company's Canadian properties and general working capital. All securities issued under the private placement are subject to a four-month-and-one-day hold period expiring on July 21, 2017.
About Pistol Bay Mining Inc.
Pistol Bay Mining is a diversified junior Canadian mineral exploration company with a focus on precious and base metal properties in North America.
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM