St. James Gold Corp. has closed its non-brokered private placement announced on Oct. 22, 2020, by issuing two million units (as defined herein) at a price of 12 cents per unit for proceeds of $240,000.
Each unit consists of one common share and one common share purchase warrant, with each warrant entitling the holder to purchase one additional common share at 12 cents per share for a period of one year from the date of issue.
All securities issued under the financing are subject to a statutory four-month hold period in British Columbia and additional United States hold periods on those acquired by U.S. residents.
The proceeds of the financing will be used for due diligence of potential mineral property acquisitions being reviewed by the company.
For Full Release: https://www.stockwatch.com/News/Item?bid=Z-C:LORD-3001539&symbol=LORD®ion=C
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