Announces Consolidation and Proposed Private Placement
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SHOSHONI GOLD LTD.
Suite 701 - 595 Howe Street
Vancouver, BC V6C 2T5
SHOSHONI GOLD LTD.
ANNOUNCES CONSOLIDATION AND PROPOSED PRIVATE PLACEMENT
Vancouver, BC, January 21 , 2019 – Shoshoni Gold Inc. (SHJ:TSXV) (the “ Company” or “ Shoshoni”)
announces that it intends to consolidate its common shares on a four(4) old shares for one (1) new share
basis, such that its outstanding capital upon completion of the consolidation will be reduced to 2,251,537
post-consolidation common shares outstanding.
In addition, the Company intends to complete a non-brokered private placement in the aggregate amount
up to $ 450,000 consisting of up to 6 ,000,000 units (the " Units") at a price of $0.0 75 per Unit (the
“Offering”). Each Unit will consist of one post -consolidated common share and one common share
purchase warrant (a “ Warrant”). Each Warrant will entitle the holder thereof to purchase one post -
consolidated common share at an exercise price of $0. 10 for a period of 2 years following the closing of
the Offering. As certain subscribers of the placement, will upon completion of the placement, own in
excess of 20% of the outstanding capital of the Company, their subscription will be subject to shareholder
and regulatory approval.
Finder's fee may be payable in cash and warrants in accordance with the policies of the TSXV. All securities
issued in connection with the private placement are subject to a 4 -month hold period from the date of
issue under National Instrument 45-102 and the policies of the TSXV. Completion of the Offering is subject
to receipt of all regulatory approvals, including the approval of the TSXV.
Net proceeds from the Offering will be utilized to fund the ongoing Work Program on the Company’s
Kirkland Creek Project in Yukon, payment of outstanding liabilities and for general working capital
purposes.
Contact Person: Mr. Glen Macdonald, P.Geo.
Telephone: (604)719-8129
Email: [email protected]
About the Company
The Company maintains its Kirkland’s Creek, Yukon project in good standing.
Shoshoni has 9,006,150 shares issued and outstanding and trades on the TSX Venture Exchange under
symbol: SHJ.
ON BEHALF OF THE BOARD
(signed) “Glen Macdonald”
Glen Macdonald
Chief Executive Officer and Director
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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.
This news release may contain forward-looking statements that are based on Shoshoni Gold Ltd.'s
expectations, estimates and projections regarding its business and the economic environment in which it
operates. These statements are not guarantees of future performance and involve risks and uncertainties
that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from
those expressed in these forward-looking statements and readers should not place undue reliance on such
statements. Statements spe ak only as of the date on which they are made, and Shoshoni Gold Ltd.
undertakes no obligation to update them publicly to reflect new information or the occurrence of future
events or circumstances, unless otherwise required to do so by law.