Clarity GOLD Increases Flow-Through Non-Brokered Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
Vancouver, B.C. (CSE: CLAR, OTC: CLGCF, FSE: 27G)
CLARITY GOLD INCREASES FLOW-THROUGH NON-BROKERED PRIVATE PLACEMENT
Vancouver, BC – February 11 2021, Clarity Gold Corp. (“ Clarity” or the “ Company”) (CSE: CLAR, OTC:
CLGCF, FSE: 27G) announces that due to increased interest in the offering it has increased the size of the
non-brokered private placement (the “Offering”) announced on February 10, 202 1. The Offering will
now consist of the issuance of up to 2,054,054 common shares in the capital of the Company (each, a
“Share”) issued on a “flow -through” basis pursuant to the Income Tax Act (Canada) and to the Taxation
Act (Québec) at a price of $1.85 per Share for gross proceeds of up to $3,800,000.
James Rogers, CEO of Clarity commented: “We are incredibly pleased with the financing commitments
that we’ve received for this tranche of financing. The proceeds from this offering will help ensure the
Company’s ability to advance the Destiny project.”
The Company intends to use the proceeds from the Offering for exploration expenditures in connection
with the Company’s Destiny Project.
All securities issued under the Offering will be subject to a statutory hold period expiring four months
and one day from the date of closing of the Offering. Finder’s fees may be paid in connection with the
Offering in accordance with applicable laws. Any participation by insiders in the Offering will constitute a
related party transaction under Multilateral Instrument 61-101 - Protection of Minority Security Holders
in Special Transactions (“ MI 61 -101”) but is expected to be exempt from the formal valuation and
minority shareholder approval requirements of MI 61-101.
None of the securities sold in connection with the Offering will be registered under the United States
Securities Act of 1933, as amended, and no such securities may be offered or sold in the Uni ted States
absent registration or an applicable exemption from the registration requirements. This news release
shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the
securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
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About the Destiny Project
The 5,013 ha Destiny Project is located in the prolific Abitibi Greenstone Belt where more than 180
million ounces of gold have been produced historically and lies along a major structural break which is
largely underexplored. The project has excellent infrastructure, with road access approximately 75 km
NNE of the city of Val d’Or and has considerable work done to date including over 50,000 m of diamond
drilling.
For a more detailed account, the reader is encouraged to refer to the Company’s website.
Qualified Person
Mr. Rory Kutluoglu P. Geo., a member of the advisory board and a consultant of the Company, is the
Qualified Person (“QP”) under NI 43 -101 for the technical information in this news release and has
verified the data disclosed for the Destiny Project and approves the technical contents contained in this
news release.
About Clarity
Clarity Gold Corp. is a Canadian mineral exploration company focused on the acquisition, exploration
and development of gold projects in Canada. The Company has entered into an option agreement to
purchase 100% of the Destiny Project, Clarity’s flagship asset, a gold-focused project in the mineral rich
Abitibi region in Quebec. The Company is based in Vancouver, British Columbia, and is listed on the CSE
under the symbol “CLAR”. To learn more about Clarity Gold Corp. and its projects please visit
www.claritygoldcorp.com.
ON BEHALF OF THE BOARD
“James Rogers”
Chief Executive Officer
Tel: 1 (833) 387-7436
Email: [email protected]
Website: claritygoldcorp.com
FORWARD-LOOKING STATEMENTS
This news release contains forward -looking statements. All statements, other than statements of historical fact
that address activities, events or developments that the Company believes, expects or anticipates will or may occur
in the future are forward -looking statements. Forward -looking statements in this news r elease include statements
regarding: the Offering and its terms, including the intended use of proceeds of the Offering ; and other matters
regarding the business plans of the Company. The forward -looking statements reflect management’s current
expectations based on information currently available and are subject to a number of risks and uncertainties that
may cause outcomes to differ materially from those discussed in the forward -looking statements including: that the
Offering may not close at all or on the terms announced; that the Company may use the proceeds of the Offering
for purposes other than those disclosed in this news release; adverse market conditions; and other factors beyond
the control of the Company. Although the Company believes that the ass umptions inherent in the forward -looking
statements are reasonable, forward -looking statements are not guarantees of future performance and,
accordingly, undue reliance should not be put on such statements due to their inherent uncertainty. Factors that
could cause actual results or events to differ materially from current expectations include general market
conditions and other factors beyond the control of the Company. The Company expressly disclaims any intention or
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obligation to update or revise any for ward-looking statements whether as a result of new information,
future events or otherwise, except as required by applicable law.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the
contents of this press release.