St. James Gold Corp. will conduct a non-brokered private placement of 3.5 million units at a price of 16 cents per unit for gross proceeds of $560,000. Each unit will be composed of one common share and one-half of one common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of 20 cents per share for a period of two years from the date of issue.
All securities issued in connection with the offering will be subject to a four-month statutory hold period.
The company will pay commissions of 5 per cent in cash and 5 per cent in broker/finders’ warrants to registered investment dealers and brokers or to finders in jurisdictions where permitted by law. Each finder’s warrant will entitle the holder to purchase one additional common share at a price of 20 cents per share for a period of one year from the date of issue.
The proceeds of the offering will be used to pay outstanding indebtedness, to conduct exploration work on the company’s Newfoundland properties, to conduct due diligence on potential acquisitions and for general corporate purposes.
Completion of the private placement remains subject to the approval of the TSX Venture Exchange.
For Full Release: https://www.stockwatch.com/News/Item/Z-C!LORD-3455778/C/LORD
Press Releases
Latest News
10/03/2023
St. James Gold Corp. (TSX-V: LORD) Announces Private Placement
St. James Gold Corp. has arranged a private placement offering of up to 3.66 million units at 15 cents per unit for total proceeds of $549,000...
St. James Gold Corp. (TSX-V: LORD) (OTCQB: LRDJF) Announces It Is Exploring The Acquisition Of A Company That Holds A Patent For Advanced Laser Technology For Uranium Enrichment For Nuclear Fuel
St. James Gold Corp. (the “Company” or “St. James”) (TSXV: LORD) (OTCQB: LRDJF) (FSE: BVU3) announced today that it is considering the acquisition of a company that holds a...
St. James Gold Corp. (TSXV: LORD) Signs A Letter of Consent to let New Found Gold Corp. (TSX: NFG) (NYSE: NFGC) conduct a Single Line 2D Seismic Survey Over its Grub Line Property in Newfoundland
St. James Gold Corp. (the “Company” or “St. James”) (TSXV: LORD) (OTCQB: LRDJF) (FSE: BVU3) announces today that it has signed a letter of consent to let New Found Gold...
St. James Gold Corp. (TSXV: LORD) Provides Corporate Update
St. James Gold Corp. (the “Company”) (TSXV: LORD) (OTCQB: LRDJF) (FSE: BVU3) is pleased to provide a corporate update and outlook for 2023. While 2022 has proven a difficult...