Independence Gold Announces $1.5 Million Financing
NOT FOR DISTRIBUTION TO US NEWS WIRE SERVICES OR FOR DISSEMINATON INTO THE USA
NEWS RELEASE
December 2, 2021 TSX Venture: IGO
Independence Gold Announces $1.5 Million Financing
Vancouver, B.C. – Independence Gold Corp. (TSX.V: IGO) (the "Company") wishes to announce a
proposed equity financing (the “Financing”) of up to a maximum of 15,000,000 shares comprised of up to
15,000,000 flow-through common shares (the “FT Shares”) or up to 15,000,000 units (each a “Unit”). Both
the FT Shares and Units will be offered at a price of $0. 10 for a maximum aggregate proceeds of
$1,500,000, and a combined total of a maximum 15,000,000 shares issued . Each Unit will consist of one
common share of the Company (a “Share”) and one -half of one common share purchase warrant. Each
whole warrant (a “Warrant”) will entitle the holder to purchase one additional Share at an exercise price
of $0.15 per common share for a period of 24 months. Subject to compliance with applicable securities
laws and the approval of the Exchange, finders’ fees may be payable to eligible arm’s length persons with
respect to certain subscriptions accepted by the Company.
The net proceeds from the Offering will be used by the Company to fund a winter exploration program at
the Company’s 3Ts Property located in central British Columbia, expected to commence in February 2022,
and may also be used for general and administrative purposes.
Closing of the Offering is subject to receipt of applicable regulatory approvals including the approval of
the TSX Venture Exchange. The securities issued will be subject to a four month hold period.
ON BEHALF OF THE BOARD OF INDEPENDENCE GOLD CORP.
“Randy Turner”
Randy Turner, President and CEO
Neither the 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.
All statements in this press release, other than statements of historical fact, are "forward -looking information" with respect to
Independence within the meaning of applicable securities laws, including statements with respect to the Company’s planned
drilling and exploration activities. The Company provides forward -looking statements for the purpose of conveying information
about current expectations and plans relating to the future and readers are cautioned that such statements may not be
appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general
or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove
to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These
risks and uncertainties include but are not limited to those identified and reported in Independence’s public filings under
Independence Gold Corp.’s SEDAR profile at www.sedar.com. Although Independence has attempted to identify important factors
that could cause actual actions, events or results to differ materially from those described in for ward-looking information, there
may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no
assurance that such information will prove to be accurate as actual results and future events could differ materially from those
anticipated in such statements. Independence disclaims any intention or obligation to update or revise any forward -looking
information, whether as a result of new information, future events or otherwise unless required by law.
UNITED STATES ADVISORY. The securities referred to herein have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act"), have been offered and sold outside the United States to eligible
investors pursuant to Regulation S promulgated under the U.S. Securities Act, and may not be offered, sold, or resold in the United
States or to, or for the account of or benefit of, a U.S. Person (as such term is defined in Regulation S under the United States
Securities Act) unless the securities are registered under the U.S. Securities Act, or an exemption from the registration requirements
of the U.S. Securities Act is available. Hedging transactions involving the securities must not be conduct ed unless in accordance
with the U.S. Securities Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities,
nor shall there be any sale of securities in the state in the United States in which such offer, solicitation or sale would be unlawful.