Savannah Gold Corp. Announces Non-Brokered Private Placement
SAVANNAH GOLD CORP.
FOR IMMEDIATE RELEASE
Contact: Investor Relations March 15, 2017
Phone (604) 684-2181
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR
DISTRIBUTION TO U.S. WIRE SERVICES
Savannah Gold Corp. Announces Non-Brokered Private Placement
Vancouver, BC – Wednesday, March 15, 2017 – Savanna h Gold Corp. (TSXV – SAV.H)
(the “Company”) announces that it has negotiated, subject to regula tory approval, a non-
brokered private placement (the “ Private Placement ”) for total gross proceeds of up to
$550,000 . The Private Placement will consist of up to 2,750 ,000 units of the Company (each a
“Unit ”) at a price of $0.20 per Unit. Each Unit will consist of one common share of the Company
(a “Share ”) and one half Share purchase warrant (each whole such warrant a “Warrant ”). Each
whole Warrant will entitle the holder thereof to acquire one Share at a price of $0.40 for a period
of 24 months following closing of the Private Place ment (the “ Expiry Date ”), subject to
acceleration. If at any time between the Expiry Date and the date that is six months and one day
from the closing of the Private Placement, the clos ing price of the Shares on the TSX Venture
Exchange (the “Exchange ”) is equal to or greater than $0.80 for 20 consecu tive trading days,
then the Company may, at is sole option, elect to p rovide notice (the “Acceleration Notice ”) to
the holders of the Warrants, which Acceleration Not ice may be provided by news release, that
the Warrants will expire at 4:00 p.m. (Vancouver ti me) on the date that is 30 days from the date
of the Acceleration Notice (the “Accelerated Expiry Date ”). In such instance, all Warrants that
are not exercised prior to the Accelerated Expiry D ate will expire on the Accelerated Expiry
Date. Proceeds of the Private Placement will be use d for general working capital and to review
potential new business opportunities.
In connection with certain subscriptions under the Private Placement, the Company will pay or a
cash commission of 7% and issue finder warrants equ al to 7%, pursuant to and in accordance
with applicable securities laws and Exchange policy . The Private Placement is subject to the
acceptance of the Exchange.
ON BEHALF OF THE BOARD OF DIRECTORS
Praveen Varshney, FCPA, FCA
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accept s responsibility for the adequacy or
accuracy of this release.