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For Immediate Release
Antler Hill Closes Second and Final Tranche of Private Placement
June 18, 2021 - Toronto, Canada - Antler Hill Mining Ltd. (TSXV: AHM.H) (the “Corporation” or “Antler Hill”) is pleased to announce that it has closed the second and final tranche of its previously announced non-brokered private placement of common shares. The Corporation raised an additional $150,249 through the sale of 1,001,660 common shares at a price of $0.15 per share.
In total, the Corporation raised aggregate gross proceeds of $903,604 through the sale of 6,024,026 common shares at a price of $0.15 per share.
The Corporation proposes to use the gross proceeds received from the closing of the first and second final tranche of the private placement as follows:
| Use | Amount | ||
|---|---|---|---|
| Private Placement Commissions and Closing Costs | $50,000 | ||
| Public Company Costs (12 months) | $120,000 | ||
| General Admin (12 months) | $45,000 | ||
| Accrued Payables | $188,604 | ||
| Working Capital for Qualifying Transaction, if identified | $500,000 |
TOTAL: $903,604
The securities issued pursuant to the second and final tranche of the private placement are subject to a statutory four month hold period expiring on October 18, 2021, in accordance with applicable securities laws.
The Corporation paid finder's fees of $3,285 and issued an aggregate of 21,900 finder’s warrants to an arm's length party in connection with the second and final tranche of the private placement. The finder’s warrants are exercisable at a price of $0.15 per share for a period of 12 months from the date of issuance.
For further information, please contact:
ANTLER HILL MINING LTD.
Matthew Wood, Interim CEO and Chairman T: (976) 9999-0754 E: [email protected] Web: www.antlerhillmining.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to the private placement and the use of proceeds of the private placement. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “will”, or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward- looking statements are based on the opinions and estimates of management as of the date such statements are made and they are from those expressed or implied by such forward-looking statements or forward-looking information subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different, including receipt of all necessary regulatory approvals. Although management of Antler Hill have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Corporation will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.