Each Unit will consist of one common share of the Company at a price of $1.10 at any time on or before the date which is 24 months after the closing date of the Offering.
The Company plans to use the proceeds from the sale of the Units for the advancement of its South Cariboo District Gold Project in British Columbia, as well as for general corporate and working capital purposes.
Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.
Karus Gold is 100% owner of the 1,000 km2 South Caribou Gold District that includes the drill-stage FG Gold and Gold Creek projects in British Columbia.
Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information.
Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events, or results, except as may be required by applicable securities laws.
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