ANGKOR GOLD CORP Box 153, Sexsmith, Alberta, Canada, T0H 3C0
ANGKOR GOLD CORP
Box 153, Sexsmith, Alberta, Canada, T0H 3C0
1.780.568.3801 • www.angkorgold.ca
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PRESS RELEASE September 29, 2017
ANGKOR ANNOUNCES $570,000 PRIVATE PLACEMENT
Sexsmith, Alberta (September 29, 2017): Angkor Gold Corp. (TSXV: ANK and OTC: ANKOF)
(“Angkor” or the “Company”) CEO Mike Weeks is pleased to announce that the Company has
closed a non-brokered private placement. The Private Placement is subject to TSX Venture
Exchange approval.
The Company completed the sale of 1,900,000 units (“Unit”) at a purchase price of C$0.30 per
unit for gross proceeds of C$$570,000. Each Unit consists of one (1) common share (“Common
Share”) of the Company and one (1) full non-transferable share purchase warrant (“Warrant”).
Each full Warrant will entitle the holder to acquire one (1) Common Share at an exercise price of
$0.35 for a period of 24 months from the closing date of the Private Placement. In the event that
the Company’s common shares trade at a closing price on the Exchange of greater than $0.45
per share for a period of 10 consecutive trading days at any time after the closing date, the
Company may accelerate the expiry date of the Warrants by giving notice to the holders thereof
and in such case the Warrants will expire on the 30th day after the date hereafter referred to as
the Eligible Acceleration Date on which such notice is given by the Company. Aggregate cash
finders’ fees of $6,000 were paid by Angkor to various arms’ length parties, in addition to an
aggregate of 20,000 finder’s warrants issued (with the same attributes as the warrants underlying
the Units), under agreements with the arms’ length parties in connection with certain non-brokered
subscriptions of the Offering. Of the total, approximately 166,673 Units were purchased by
insiders and management of Angkor.
The Common Shares acquired by the subscribers are subject to a hold period of four months plus
one day and may not be traded until January 29, 2018.
The Company intends to use the funds raised from the issuance of the shares for general working
capital, greatly expanded marketing efforts, and to continue to fund the on-going exploration
programs at its properties located in Cambodia.
ABOUT ANGKOR GOLD CORP.
ANGKOR Gold Corp. is a public company listed on the TSX-Venture Exchange and is a leading
mineral explorer in Cambodia with a large land package and a first-mover advantage building
strong relationships with all levels of government and stakeholders.
FOR FURTHER INFORMATION PLEASE CONTACT:
ANGKOR GOLD CORP
Box 153, Sexsmith, Alberta, Canada, T0H 3C0
1.780.568.3801 • www.angkorgold.ca
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ANGKOR GOLD CORP.
Stephen Burega, Vice President of Corporate Development
Telephone: (647) 515-3734
Email: [email protected]
Neither 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 of the statements made and information contained herein may constitute “forward-looking
information”. In particular references to the private placement and future work programs or
expectations on the quality or results of such work programs are subject to risks associated with
operations on the property, exploration activity generally, equipment limitations and availability,
as well as other risks that we may not be currently aware of. Accordingl y, readers are advised
not to place undue reliance on forward-looking information. Except as required under applicable
securities legislation, the Company undertakes no obligation to publicly update or revise forward-
looking information, whether as a result of new information, future events or otherwise.
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