St. James Gold Corp. has closed its non-brokered private placement announced on Jan. 15, 2021, by issuing 450,000 units (as defined herein) at a price of 67.2 cents per unit for proceeds of $302,400.
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 84 cents per share for a period of two years from the date of issue.
All securities issued under the financing are subject to a four-month-and-one-day hold period, expiring June 13, 2021.
The proceeds of the offering will used: to conduct exploration work on the company’s Newfoundland properties; to conduct due diligence on potential acquisitions; and for general corporate purposes.
For Full Release: https://www.stockwatch.com/News/Item?bid=Z-C:LORD-3032309&symbol=LORD®ion=C
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