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Toronto, Ontario–(Newsfile Corp. – October 5, 2016) – Stakeholder Gold Corp. (TSXV:SRC) is pleased to announce that it is closing on a final $602,558 of financing.
Toronto, Ontario–(Newsfile Corp. – October 5, 2016) – Stakeholder Gold Corp. (TSXV:SRC) is pleased to announce that it is closing on a final $602,558 of financing. Closing on this second tranche financing results in issuance of 1,205,115 units with each unit comprised of one share, priced at $0.50, and one half of one common share purchase warrant. Warrants are priced at $0.75 and expire October 5th, 2018.
In connection with the financing, Stakeholder will pay to Bonaventure Exploration Ltd. $39,706 CAD and 79,412 commission warrants and to Finley Holdings Ltd. $6,000 CAD, 12,000 commission warrants and 3,000 commission units on the same terms as the units issued under the financing. The commission warrants are priced at $0.50 and expire October 5th,, 2018. The hold period for shares issued in the financing will be 4 months and funds will be used for exploration of the Company’s Ballarat gold project and for general working capital purposes.
Stakeholder is also pleased to welcome Stephen Walmsley to the Board of Directors. Stephen is a graduate of Queen’s University (HBA 1977) and of an advanced strategic leadership program held at Harvard University (1993). His career was in Canadian and international banking and securities, followed by several years working with leading Wall Street and Bay Street firms, focused on advising and coaching their leadership. He has worked extensively as an expert consultant and as a business advisor, supporting the success of founders and growth oriented executive teams.
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