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Stakeholder Gold (TSX:SRC) announced a non-brokered private placement of up to 20 million units at $0.05 for shares and $0.15 for warrants. Each unit will include a half warrant, with each full warrant entitling the holder to purchase one common share at $0.15 for 12 months upon closing of the financing. Stakeholder Gold is undertaking this financing for exploration of the Ballarat project in the Yukon.
As quoted in the press release:
Stakeholder Gold Corp. (TSXV: SRC) (“Stakeholder”, or the “Company”) is pleased to announce terms of a non-brokered private placement financing for up to a maximum of 20M units. Units are priced at $0.05 (5 cents) for shares and $0.15 (15 cents) for warrants. Each unit carries a half warrant. Each full warrant entitles the holder to purchase one common share at $0.15 (15 cents) for a period of 12 months from the closing of the financing.
Stakeholder will undertake exploration on the Ballarat project in the Yukon, including cost effective soil surveys using the GT Probe and the GT RAB drill and the Company will provide exploration information from this activity as quickly as possible upon receiving results. Stakeholder has been unable to negotiate revised terms for exploration on the Bass River project, and has discontinued exploration efforts in Nova Scotia.
Click here to read the Stakeholder Gold (TSX:SRC) press release