ML Gold Closing of Financing
Suite 2000 – 1177 West Hastings St
Vancouver, BC Canada V6E 2K3
T: 604-669-2279 / F: 604-602-1606
June 29, 2018
ML Gold Closing of Financing
ML Gold Corp. (TSX-V: MLG; FSE: XOVN.F) (“ML Gold” or the “Company”) is pleased
to announce the closing of its previously announced n on-brokered private placement (the
“Private Placement”) announced June 13, 2018.
Proceeds of the closi ng of the Private Placement are $1,624,000. The Private Placement
consisted of the issuance of 12,737,500 non flow-through units (the “NFT Units”) at a price
of $0.08 per NFT Unit and 6,050,000 flow-through units (the “FT Units”) at $0.10 per FT
Unit.
Each NFT Unit at $0.08 is comprised of one common share in the capital of the Company
(each, an “NFT Share”) and one full non -transferable share purchase warrant (the “NFT
Warrants”). Each NFT Warrant is exercisable into one common share at a price of $0.12 for
a period of two years.
Each FT Unit at $0.10 is comprised of one flow-through common share (an “FT Shares”) and
one half of one non-transferable share purchase warrant (the “FT Unit Warrants”). Each full
FT Unit Warrant is exercisable into on e NFT Share at a price of $0.14 for a period of two
years.
The NFT Shares and FT Shares, including any NFT Shares issuab le upon exercise of FT
Warrants and NFT Warrants, all are subject to a hold period expiring on Oct 27, 2018.
A total of $38,160, in cash, 357,000 NFT broker warrants and 296,000 FT broker warrants
were issued as finder’s fees on the Private Placement.
The net proceeds from the Private Placement will be used for general working capital
purposes and exploration of the Company’s Stars Property.
ABOUT ML GOLD CORP.
ML Gold Corp. is a Canadian listed Company, focused on creating shareholder value through
discoveries and strategic development of mineral properties in Canada and the United
States.
For additional information please visit the Company’s website at www.mlgoldcorp.com. You
may also email [email protected] or call investor relations at (604) 669-2279.
ML GOLD CORP.
“Adrian Smith”
Adrian Smith
President
Suite 2000 – 1177 West Hastings St
Vancouver, BC Canada V6E 2K3
T: 604-669-2279 / F: 604-602-1606
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release may contain certain “Forward -Looking Statements” within the meaning of the United States Private Securities Litigation
Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”,
“expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward -looking statements or information.
These forward -looking statements or information may relate t o future prices of commodities, accuracy of mineral or resource exploration
activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party informati on, continued access
to mineral properties or infrastru cture, currency risks including the exchange rate of US$ for CDN$, changes in exploration costs and
government royalties or taxes in Canada, the United States or other jurisdictions and other factors or information. Such statements represent
the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while
considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and so cial risks,
contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially
different from the results, performance or achievements that are or may be expressed or implied by such forward -looking statements. The
Company does not intend, and does not assume any obligation, to update these forward -looking statements or information to reflect changes in
assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable
laws, rules and regulations.