Proceeds of the Private Placement will be used for drill programs, drill targeting and advanced exploration at the Company’s Ikutahara and Ohra-Takamine wholly-owned projects and for general working capital purposes.
The Company has agreed to pay a finder’s fee in cash equal to 6.0% of the gross proceeds from the sale of Shares to third parties sourced by the finders as well as warrants to purchase that number of common shares equal to 6.0% of the number of Shares sold to third parties sourced by the finder.
This news release does not constitute an offer of securities for sale in the United States.
These statements are forward-looking in nature and, as a result, are subject to certain risks and uncertainties that include, but are not limited to, general economic, market and business conditions; receipt and timing of regulatory approvals; new legislation; potential delays or changes in plans; and the Company’s ability to execute and implement future plans.