St. James GOLD Corp. Announces Appointment of Dr. Tsun Law to Its Board of Directors & Private Placement Financing
ST. JAMES GOLD CORP. ANNOUNCES APPOINTMENT OF DR. TSUN LAW TO ITS
BOARD OF DIRECTORS & PRIVATE PLACEMENT FINANCING
Not for distribution to U.S. news wire services or dissemination in the United States.
Vancouver, British Columbia, April 29, 2022 - St. J ames Gold Corp. (the “Company”)
(TSXV: LORD) (OTCQB: LRDJF) (FSE: BVU3) is pleased to announce that, effective
immediately, the Company has appointed Dr. Tsun Law to its Board of Directors.
Dr. Tsun Law MD, MBA is a practicing Orthopedic Phy sician in South Florida, USA
specializing in hip and knee osteoarthritis who is actively engaged in clinical research with a
special focus on robotic and sensor technologies, m edical innovation, and healthcare
investments. Dr. Law has been published in numerous highly regarded peer reviewed medical
journals and his research has been accepted for pre sentation at both national and international
orthopedic surgery conferences. Dr. Law is working collaboratively with world renowned
colleagues and institutions to develop a new cuttin g edge Orthopedic Innovation Center focused
on high quality surgical and medical orthopedic car e and innovative treatments. Dr. Law has
been inducted into the Sigma Beta Delta Internation al Business Honor Society for exemplary
academic performance during his Healthcare Manageme nt MBA studies at Davenport
University. He was also recognized for his voluntee r work helping victims of tornado disasters
and providing medical care to the Native American L akota tribe and was the recipient of a
Platinum Level Award for his contributions.
The Company is also pleased to announce that it pro poses to complete a non-brokered private
placement of up to 1,166,667 units of the Company ( each, a “ Unit ”) at a price of $0.60 per Unit
for aggregate proceeds to the Company of up to $700,000 (the “ Offering ”).
Each Unit shall be comprised of one common share in the capital of the Company (each, a
“Share ”) and one common share purchase warrant of the Com pany (each, a “ Warrant ”), with
each Warrant entitling the holder thereof to purcha se one additional common share, at an
exercise price of $0.72 for a period of three (3) years from the closing date of the Offering.
The gross proceeds raised from the sale of Units un der the Offering will be used to advance the
Company’s exploration programs and for general corporate matters .
Further to the Company’s news release of April 8, 2 022, Mr. Jay Jiang Yu intends to subscribe
for 333,334 Units under the Offering for gross proceeds to the Company of $200,000.
The Company may pay Finders Fees to applicable finders and the Offering may be closed in one
or more tranches.
Pursuant to applicable Canadian securities laws, al l securities issued and issuable in connection
with the Offering will be subject to a four (4) month hold period commencing on the closing date
of the Offering. The closing of the Offering is sub ject to, among other things, the receipt of all
necessary approvals, including the approval of the TSX Venture Exchange.
About St James Gold Corp.
St. James Gold Corp. is a publicly traded company l isted on the TSX Venture Exchange under
the trading symbol “LORD”, in the U.S. Market liste d on OTCQB under "LRDJF" and on the
Frankfurt Stock Exchange under “BVU3”. The Company is focused on creating shareholder
value through the discovery and development of econ omic mineral deposits by acquiring
prospective exploration projects with well-delineat ed geological theories; integrating all
available geological, geochemical, and geophysical datasets; and financing efficient exploration
programs. The Company currently holds: (i) 100-per- cent stake in 29 claims, covering 1,791
acres, in the Gander gold district in north-central Newfoundland located adjacent to New Found
Gold Corp.'s Queensway North project; and (ii) a 100-per-cent stake in 9 claims and an option to
acquire a further 100-per-cent interest in 19 claim s, covering a total 1,730 acres, in central
Newfoundland located adjacent to Marathon Gold's Va lentine Lake property; and (iii) an option
to acquire up to an 85-per-cent interest in the Flo rin Gold Project, covering nearly 22,000
contiguous acres in the historical Tintina gold belt in Yukon Territory, Canada.
For more corporate information please visit: http://stjamesgold.com/
St. James Gold Corp.
For further information, please contact:
George Drazenovic, Chief Executive Officer
Tel: 1 (800) 278-2152
Email: [email protected]
Forward Looking Statements
This news release contains forward-looking statemen ts and forward-looking information within
the meaning of Canadian securities laws (collective ly, “ forward-looking statements ”).
Forward-looking statements in this news release rel ate to, among other things: the TSX Venture
Exchange’s approval for the Company to complete the Offering on the proposed terms as
described herein, the completion of the Offering, a nd all other statements that are not historical
facts, particularly statements that express, or inv olve discussions as to, expectations, beliefs,
plans, objectives, assumptions or future events or performance of the Company. Often, but not
always, forward-looking statements can be identified through the use of words or phrases such as
“will likely result”, “are expected to”, “expects”, “will continue”, “is anticipated”, “anticipates”,
“believes”, “estimated”, “intends”, “plans”, “forec ast”, “projection”, “strategy”, “objective” and
“outlook”. Forward-looking statements contained in this news release are made based on
reasonable estimates and assumptions made by management of the Company at the relevant time
in light of its experience and perception of histor ical trends, current conditions and expected
future developments, as well as other factors that are believed to be appropriate and reasonable in
the circumstances. Forward-looking statements contained in this news release are made as of the
date of this news release and the Company will not update any such forward-looking statements
as a result of new information or if management’s b eliefs, estimates, assumptions or opinions
change, except as required by law. There can be no assurance that forward-looking statements
will prove to be accurate, as actual results and fu ture events could differ materially from those
anticipated in such statements. Accordingly, the re ader is cautioned not to place undue reliance
on forward-looking statements.
Forward-looking statements involve known and unknow n risks, uncertainties and other factors,
many of which are beyond the Company’s control, whi ch could cause actual results,
performance, achievements and events to differ mate rially from those that are disclosed in or
implied by such forward-looking statements. Such ri sks and uncertainties include, but are not
limited to, the impact and progression of the COVID -19 pandemic and other factors outlined in
the Company’s Annual Information Form dated July 26 , 2021 (the “ AIF ”) filed under the
Company’s profile on SEDAR at www.sedar.com. The Co mpany cautions that the list of risk
factors and uncertainties described in its AIF on S EDAR are not exhaustive and other factors
could materially affect its results.
New factors emerge from time to time, and it is not possible for the Company to consider all of
them, or assess the impact of each such factor or t he extent to which any factor, or combination
of factors, may cause results to differ materially from those contained in any forward-looking
statement. Any forward-looking statements contained in this news release are expressly qualified
in their entirety by this cautionary statement.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES O F THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE AD EQUACY OR
ACCURACY OF THIS RELEASE.