The Offered Shares will be subject to a four month hold period under applicable Canadian securities legislation. The Company plans to use the proceeds for the continued development of its Steenkampskraal project in South Africa as well as for general corporate purposes.
The Agents will receive an aggregate cash commission of 5% of the gross proceeds of the Offering. Closing of the Offering is subject to all applicable regulatory approvals, including the final acceptance of the TSX Venture Exchange. Readers are cautioned that there is no guarantee the Offering will be completed on the terms proposed, or at all