St. James GOLD Corp. Completes $500,000 Private Placement
ST. JAMES GOLD CORP. COMPLETES $500,000 PRIVATE PLACEMENT
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Vancouver, British Columbia, February 28, 2022 - St . James Gold Corp. (the “Company”) (TSXV:
LORD) (OTCQB: LRDJF) (FSE: BVU3) is pleased to announce that it has closed a non-brokered
private placement (the “Private Placement”) of 500, 000 units of the Company (the “ Units ”) at a price of
$1.00 per Unit for gross proceeds of $500,000. Each Unit consists of one (1) common share of the
Company (a “Common Share”) and one non-transferable Common Share purchase warrant (with two half
warrants being a “Warrant”). Each Warrant entitles the holder thereof to purchase one (1) additional
Common Share for a period of two (2) years from closing at a price of $1.25 per Common Share.
The Company intends to use the net proceeds from the Private Placement for general working capital. All
securities issued are subject to a statutory four-m onth and one day hold period from the date of issua nce
pursuant to applicable securities laws of Canada.
As stated by George Drazenovic, CEO, St. James Gold , “The closing of our private placement at a
premium to market during a time of market turbulence is a strong signal that investors are confident in the
prospects of the Company’s future. With fewer than 23,000,000 shares issued and outstanding, we
continue to maintain a tight share structure that w ill allow us to fund our future work exploration
programs with minimal dilution.”
About St James Gold Corp.
St. James Gold Corp. is a publicly traded company l isted on the TSXV under the trading symbol
“LORD”, in the U.S. Market listed on the OTCQB unde r the trading symbol “LRDJF” and on the
Frankfurt Stock Exchange under the trading symbol “ BVU3”. The Company is focused on creating
shareholder value through the discovery and develop ment of economic mineral deposits by acquiring
prospective exploration projects with well delineat ed geological theories, integrating all available
geological, geochemical and geophysical datasets, a nd funding efficient exploration programs. The
Company currently holds both an option to acquire a 100% interest in 29 claims covering 1,791 acres in
the Gander gold district in north-central Newfoundland adjacent to New Found Gold Corp.’s Queensway
North project, and an option to acquire a 100% inte rest in 28 claims covering 1,730 acres in central
Newfoundland adjacent to Marathon Gold’s Valentine Lake property. The Company also announced an
Option and Joint Venture Agreement dated April 1, 2021, as amended, to acquire up to an 85% interest in
the Florin Gold Project, covering nearly 22,000 con tiguous acres in the historic Tintina Gold Belt in the
Yukon Territory. 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 (collectively, “ forward-looking statements ”). Forward-looking
statements in this news release relate to, among ot her things: the issuance of common shares pursuant to
the exercise of options and all other statements th at are not historical facts, particularly statement s that
express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events
or performance of the Company. Often, but not alway s, forward-looking statements can be identified
through the use of words or phrases such as “will l ikely result”, “are expected to”, “expects”, “will
continue”, “is anticipated”, “anticipates”, “believ es”, “estimated”, “intends”, “plans”, “forecast”,
“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 pe rception of historical trends, current conditions a nd
expected future developments, as well as other fact ors that are believed to be appropriate and reasona ble
in the circumstances. Forward-looking statements co ntained in this news release are made as of the dat e
of this news release and the Company will not updat e any such forward-looking statements as a result o f
new information or if management’s beliefs, estimat es, assumptions or opinions change, except as
required by law. There can be no assurance that for ward-looking statements will prove to be accurate, as
actual results and future events could differ mater ially from those anticipated in such statements.
Accordingly, the reader 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, which could cause actual results, performance, achievements
and events to differ materially from those that are disclosed in or implied by such forward-looking
statements. Such risks and uncertainties include, but are not limited to, the impact and progression o f 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 ww w.sedar.com. The Company
cautions that the list of risk factors and uncertai nties described in its AIF on SEDAR are not exhaust ive
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 the extent to which any factor, or combination of factors, ma y
cause results to differ materially from those conta ined in any forward-looking statement. Any forward-
looking statements contained in this news release a re 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 ADEQUACY O R ACCURACY OF
THIS RELEASE.