ALLEGIANT Closes $4.95 Million Private Placement; Goldcorp Acquires 9.74% of ALLEGIANT
Page 1 of 2
NEWS RELEASE
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
ALLEGIANT Closes $4.95 Million Private Placement;
Goldcorp Acquires 9.74% of ALLEGIANT
Vancouver, BC, Canada, August 15, 2018, Allegiant Gold Ltd. (“ALLEGIANT”) (AUAU: TSX -V) (AUXXF:
OTCQX) is pleased to announce that it has closed the second and final tranche of the non-brokered
private placement first announced on July 5th, 2018 (also see news releases of July 10 th and July 16th).
The tranche consisted of gross proceeds of CAD$2,178,336.65 through the issuance of 6,223,819
common shares at CAD$0.35 per share . The principal investor in the tranche was Goldcorp Inc. (G:
TSX) whom acquired 5,923,819 common shares ($2,073,336.65), resulting in an ownership interest of
9.74% in ALLEGIANT.
“Goldcorp’s investment is an endorsement of our team, our projects, and of our objective of making a
significant new gold discovery, ” said Robert Giustra, Chairman & CEO of ALLEGIANT . “With funding
in place, we ’re about to kick -off an aggressive exploration program that will see six gold projects
drilled over the next 10-12 months.”
The non-brokered private placement consisted of 14,130,001 common shares of ALLEGIANT at a price
of CAD$0.35 per common share for gross proceeds of CAD$4,945,500.35 (the “Offering”). All shares
issued in connection with the Offering will be subject to a four month hold period. Fort Capital
Partners acted as financial advisor with respect to the strategic investment by Goldcorp and as a
capital markets advisor. ALLEGIANT will pay fees, finders' fees and other fees, totaling CAD$270,675
in connection with the Offering.
The proceeds will be used to carry -out high-impact “discovery” exploration drill programs on six of
ALLEGIANT’S high-priority exploration projects, located principally in the mining -friendly jurisdiction
of Nevada.
All of the drill targets have been identified and delineated by Andy Wallace, who is credited with
multiple gold mine discoveries in Nevada. A drill rig is scheduled to arrive at A LLEGIANT’s Red Hills
gold project in Nevada on August 20th for an eight-hole RC (reverse circulation) drill program, totaling
up to 2,200 metres. After Red Hills and over the next 10 to 12 months, ALLEGIANT plans to also drill
the following five projects: Hughes Canyon, Monitor Hills, North Brown, Silverdome and Adularia Hill
(a new target located approximately 12.5 kilometres south of the Original Zone gold deposit at the
Eastside gold project).
ABOUT ALLEGIANT
ALLEGIANT owns 100% of 14 highly -prospective drill-ready gold projects in the United States, 11 of
Allegiant Gold Ltd.
1090 Hamilton Street
Vancouver, BC V6B 2R9, Canada
www.allegiantgold.com
Page 2 of 2
which are located in the mining-friendly jurisdiction of Nevada. Six of the projects will be drilled over
the next 10 to 12 months and all offer excellent discovery opportunity. ALLEGIANT’s flagship Eastside
project hosts a large and expanding gold resource, is district s cale, and is located in an area of
excellent infrastructure. Preliminary metallurgical testing indicates that both oxide and sulphide gold
mineralization at Eastside is amenable to heap leaching.
QUALIFIED PERSON
Andy Wallace VP and Director of Allegiant Gold (U.S.) Ltd., is a Certified Professional Geologist (CPG)
with the American Institute of Professional Geologists and is a Qualified Person as defined under
National Instrument 43 -101 - Standards of Disclosure for Mineral Projects . Mr. Wallace has reviewed
and approved the technical content of this press release.
ON BEHALF OF THE BOARD,
Robert F. Giustra
Chairman & CEO
For more information contact:
Investor Relations
(604) 634-0970 or
1-888-818-1364
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.
Certain statements and information contained in this press release constitute "forward-looking statements" within the meaning
of applicable U.S. securities laws and “forward -looking information” within the meaning of applicable Canadian securities laws,
which are referred to collectively as "forward -looking statements". T he United States Private Securities Litigation Reform Act of
1995 provides a “safe harbor” for certain forward -looking statements. Forward -looking statements are statements and
information regarding possible events, conditions or results of operations that are based upon assumptions about future
economic conditions and courses of action. All statements and information other than statements of historical fact may be
forward-looking statements. In some cases, forward -looking statements can be identified by th e use of words such as “seek”,
“expect”, “anticipate”, “budget”, “plan”, “estimate”, “continue”, “forecast”, “intend”, “believe”, “predict”, “potential”, “t arget”,
“may”, “could”, “would”, “might”, “will” and similar words or phrases (including negative va riations) suggesting future outcomes
or statements regarding an outlook. Forward -looking statements in this and other press releases include but are not limited to
statements and information regarding: Allegiant Gold Ltd.’s (“Allegiant”) objective of makin g a significant new gold discovery;
Allegiant’s drilling and exploration plans for its properties , including anticipated costs and timing thereof; Allegiant’s plans for
growth through exploration activities, acquisitions or otherwise; and expectations rega rding future maintenance and capital
expenditures, and working capital requirements. Such forward -looking statements are based on a number of material factors
and assumptions and involve known and unknown risks, uncertainties and other factors which may c ause actual results,
performance or achievements, or industry results, to differ materially from those anticipated in such forward -looking
information. You are cautioned not to place undue reliance on forward -looking statements contained in this press rele ase. Some
of the known risks and other factors which could cause actual results to differ materially from those expressed in the forwar d-
looking statements are described in the sections entitled “Risk Factors” in Allegiant’s Listing Application, dated Janu ary 24, 2018,
as filed with the TSX Venture Exchange and available on SEDAR under Allegiant’s profile at www.sedar.com. Actual results and
future events could differ materially from those anticipated in such statements. Allegiant undertakes no obligation to update or
revise any forward -looking statements included in this press release if these beliefs, estimates and opinions or other
circumstances should change, except as otherwise required by applicable law.