Hanstone GOLD Conducts Private Placement
HANSTONE GOLD CONDUCTS PRIVATE PLACEMENT
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES.
VANCOUVER, BC – December 22, 2021 – Hanstone Gold Corp. (TSXV: HANS) (FSE:
HGO) ("Hanstone" or the " Company"), is pleased to announce that , effective December
23, 2021, it will close a non- brokered private placement (the “ Offering”) under which
Hanstone will raise aggregate gross proceeds of $772,500.
The Offering consists of the issuance of: (i) an aggregate of 1,395,000 units of the Company
(the “ Units”) at a price of $0.2 0 per Unit for gross proceeds of $279,000, and (ii) an
aggregate of 1,974,000 “flow-through” common shares of the Company (the “FT Common
Shares”) at a price of $0.25 per FT Common Share for gross proceeds of $493,500. Each
Unit is comprised of one common share of the Company (a “ Common Share”) and one
Common Share purchase warrant (a “Warrant”). Each Warrant is exercisable to acquire an
additional Common Share (a “Warrant Share”) at a price of $0.30 per Warrant Share for 12
months from the date of issuance, provided that if the Common Shares trade at or above
$0.40 per share for 10 consecutive trading days, then the expiry date of the Warrants will be
automatically accelerated to the date that is 30 days after the date the Company provides
an acceleration notice by press release to the holders of the Warrants.
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 Common Shares 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 Common Shares 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.
In connection with closing, the Company will pay finder’s fees of $7,350 and will issue 31,150
non-transferable compensation options, each entitling the holder thereof to purchase one
Common Share at an exercise price of $0. 30 for 24 months , provided that if the Common
Shares trade at or above $0.40 per share for 10 consecutive trading days, then the expiry
date of the compensation options will be automatically accelerated to the date that is 30
days after the date the Company provides an acceleration notice by press release to the
holders of the compensation options.
The closing of the Offering is subject to the receipt of the approval of the TSX Venture
Exchange. The securities issued under the Offering will be subject to a four month hold
period expiring April 24, 2022. There is no material fact or materi al change about the
Company that has not been generally disclosed.
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 amended, 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 3,336-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 developments 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 financing 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 i n 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.
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.