Antler Gold Arranges Brokered Financing
Antler Gold Arranges Brokered Financing
HALIFAX
,
June 21, 2018
/CNW/ - Antler Gold Inc. ("
Antler
") (TSXV: ANTL) is pleased to announce
it plans to raise up to
$792,000
through a brokered best efforts private placement that will include
the issuance of up to 1,200,000 units ("
Units
") at a price of
$0.66
per Unit (the "
Financing
"),
subject to TSX Venture Exchange approval. Each Unit will consist of three flow-through shares ("
FT
Shares
") priced at
$0.17
per FT Share and one common share ("
Common
Share
") priced at
$0.15
per Common Share. Numus Capital Corp. ("
Numus
") will act as the broker for the Financing.
Insiders and certain other existing shareholders of Antler ("
Excluded Purchasers
") intend on
subscribing for Units under the Financing.
As compensation for its services, Numus will receive, a cash commission equal to 8.0% of the gross
proceeds of the Financing, other than proceeds from the sale of any Units sold to Excluded
Purchasers (the "
Excluded Shares
"). In addition, as further compensation, Antler will issue
compensation warrants entitling Numus ("
Agent's Warrants
") to purchase such number of Common
Shares as is equal to 8% of the number of Units sold under the Financing other than the Excluded
Shares. These Agent's Warrants will be exercisable for a period of two years from the closing of the
Financing. The exercise price of the Agent's Warrants will be
$0.15
per Common Share.
Antler intends to use the net proceeds of the Financing to continue exploration on its Wilding Lake
Gold project in
Central Newfoundland
for the 2018 field season and for general corporate and
working capital purposes. The proceeds of the FT Shares are to qualify for the Canadian Exploration
Expense and will be renounced to subscribers of such shares no later than
December 31, 2018
. All
securities issued pursuant to the Financing will be subject to a four-month statutory hold period from
the date of issue.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
SOURCE
Antler Gold Inc.
View original content: http://www.newswire.ca/en/releases/archive/June2018/21/c2818.html
%SEDAR: 00038775E
For further information:
Daniel Whittaker, President and CEO of Antler Gold Inc., at (902) 488-
4700
CO: Antler Gold Inc.
CNW 08:30e 21-JUN-18