Hanstone Gold Announces Private Placement Financing
Hanstone Gold Announces Private Placement Financing
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES.
VANCOUVER, BC – November 2, 2021 – Hanstone Gold Corp. (TSXV: HANS) (FSE: HGO) ("Hanstone" or the
"Company"), announces that it will conduct a non -brokered private placement (the “Offering”), consisting of: (i)
units of the Company (the “Units”) at a price of $0.28 per Unit, and (ii) flow-through units of the Company (the “FT
Units”) at a price of $0.30 per FT Unit. There is no minimum Offering amount. The maximum number of securities
that could be issued under the Offering is 3,571,428 Units, which would result in aggregate gross proceeds of
$1,000,000.
Each Unit will be comprised of one common share of the Company (a “ Common Share ”) and one Common
Share purchase warrant ( a “Warrant”). Each Warrant shall be exercisable to acquire one Common Share (a
“Warrant Share”) at a price of $0.32 per Warrant Share for a period of 24 months from the date of issuance. Each
FT Unit shall consist of one Common Share of the Company which will qualify as a “flow -through share” (within
the meaning of the Income Tax Act (Canada)) (each, a “ FT Common Share”) and one Common Share purchase
warrant (a “ FT Warrant”). Each FT Warrant shall be exercisable to acquire one Common Share (a “ FT Warrant
Share”) at a price of $0.35 per Warrant Share for a period of 24 months from the date of issuance.
The Company intends to use the proceeds from the Offering for its ongoing exploration drilling program, working
capital requirements and other general corporate purposes. The proceeds received by the Company from the sale
of FT Units will be used to incur eligible "Canadian exploration expenses" (“CEE”) that are "flow -through mining
expenditures" (as such term is defined in the Income Tax Act (Canada)) related to the Company’s Doc and Snip
North projects. The Company will renounce such CEE to the purchasers of the FT Units with an effective date of
no later than December 31, 2021. The proceeds received by the Company from the sale of Units will be used for
working capital requirements and other general corporate purposes. The Company estimates that approximately
$500,000 will be raised through the sale of Units and approximately $500,000 will be raised through the sale of FT
Units, if the maximum Offering is completed.
The closing of the Offering is subject to the receipt of the approval of the TSX Venture Exchange. The Units and
FT Units to be issued under the Offering will be off ered by way of private placement in each of the provinces of
Canada and such other jurisdictions as may be determined by the Company pursuant to applicable exemptions
from the prospectus requirements under applicable securities laws. The securities issued under the Offering will
have a hold period of four months and one day from the date of issuance. There is no material fact or material
change about the Company that has not been generally disclosed. The Company may pay finder’s fees and issue
finder’s warrants in connection with the Offering.
This press release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in
any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under
the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered
under the United States Securities Act of 1933, as am ended, and such securities may not be offered or sold
within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable
exemption from U.S. registration requirements and applicable U.S. state securities laws.
About Hanstone Gold
Hanstone is a precious and base metals explorer with its current focus on the Doc and Snip North Projects
optimally located in the heart of the prolific mineralized area of British Columbia known as the Golden Triangle.
The Golden Triangle is an area which hosts numerous producing and past -producing mines and several large
deposits that are approaching potential development. The Company holds a 100% earn in option in the 1,704 -
hectare Doc Project and owns a 100% interest in the 3,33 6-hectare Snip North Project. Hanstone has a highly
experienced team of industry professionals with a successful track record in the discovery of gold deposits and in
developing mineral exploration projects through discovery to production
Ray Marks, President and Chief Executive Officer
For Further Information Contact:
Carrie Howes, Director of Communications, +1-(778)-551-8488, [email protected]
Or visit the Company’s website at www.hanstonegold.com
Cautionary Statement Regarding Forward Looking Information:
The information contained herein contains “forward -looking statements” within the meaning of the United States
Private Securities Litigation Reform Act of 1995 and “forward -looking information” within the meaning of
applicable Canadian securities legislation. “Forward-looking information” includes, but is not limited to, statements
with respect to the activities, events, or developme nts that the Company expects or anticipates will or may occur
in the future. Generally, but not always, forward -looking information and statements can be identified using words
such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”,
or “believes” or the negative connotation thereof or variations of such words and phrases or state that certain
actions, events, or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the
negative connotation thereof.
Forward-looking information and statements are based on the then current expectations, beliefs, assumptions,
estimates and forecasts about Hanstone’s business and the industry and markets in which it operates and will
operate. Forward -looking information and statements are made based upon numerous assumptions, including
among others, the results of planned exploration activities are as anticipated, the price of gold, the cost of planned
exploration activities, that fin ancing will be available if needed and on reasonable terms, that third party
contractors, equipment, supplies and governmental and other approvals required to conduct Hanstone’s planned
exploration activities will be available on reasonable terms and in a timely manner and that general business and
economic conditions will not change in a material adverse manner. Although the assumptions made by the
Company in providing forward -looking information or making forward -looking statements are considered
reasonable by management at the time, there can be no assurance that such assumptions will prove to be
accurate.
Forward-looking information and statements also involve known and unknown risks and uncertainties and other
factors, which may cause actual results, p erformances, and achievements of Hanstone to differ materially from
any projections of results, performances, and achievements of Hanstone expressed or implied by such forward -
looking information or statements, including, among others, negative operating c ash flow and dependence on
third party financing, uncertainty of the availability of additional financing, the risk that future assay results will not
confirm previous results, imprecision of mineral resource estimates, the uncertainty of commodity prices,
aboriginal title and consultation issues, exploration risks, reliance upon key management and other personnel,
deficiencies in the Company’s title to its properties, uninsurable risks, failure to manage conflicts of interest, failure
to obtain or maintain required permits and licenses, changes in laws, regulations and policy, competition for
resources and financing, or other approvals
Although the Company has attempted to identify important factors that could cause actual results to differ
materially from those contained in the forward-looking information or implied by forward-looking information, there
may be other factors that cause results not to be as anticipated, estimated or intended.
There can be no assurance that forward -looking information and st atements will prove to be accurate, as actual
results and future events could differ materially from those anticipated, estimated or intended. Accordingly,
readers should not place undue reliance on forward -looking statements or information. The Company un dertakes
no obligation to update or reissue forward -looking information because of new information or events except as
required by applicable securities laws
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in pol icies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.