P2 Gold Announces Financing
November 5, 2020 News Release 20-07
P2 Gold Announces Financing
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION
OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.
Vancouver, British Columbia, November 5, 2020; P2 Gold Inc. (“P2” or the “Company”) (TSX-V:PGLD)
is pleased to announce that it intends to complete a non -brokered private placement of units (the
“Private Placement”) with a single subscriber.
The Private Placement will consist of 2,500,000 units (the “Units”) at a price of $0.40 per Unit for gross
proceeds of $1 million. Each Unit will consist of one common share in the capital of the Company and
one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase
one additional common share in the capital of the Company at an exercise price of $0.65 per common
share for a period of two years from the date of issue (the “Expiry Time”), provided that, if after four
months from the date of issue, the closing price of the common shares of the Company on the TSX
Venture Exchange (the “Exchange”) is equal to or greater than $1. 00 for a period of 10 consecutive
trading days at any time prior to the Expiry Time, the Company will have the right to accelerate the
Expiry Time of the Warrants by giving notice to the holders of the Warrants by news release or other
form of notice permitted by the certificate representing the Warrants that the Warrants will expire at
4:30 p.m. (Vancouver time) on a date that is not less than 15 days from the date notice is given.
The Private Placement will close on completion of documentation and is condit ional upon receipt of
all necessary regulatory approvals, including the approval of the Exchange. The proceeds of the
Private Placement will be used to fund exploration expenditures and for general corporate purposes.
All securities issued pursuant to the Private Placement will be subject to a four-month hold period. The
securities offered pursuant to the Private Placement have not been and will not be registered under
the United States Securities Act of 1933, as amended, and may not be offered or sold in the United
States absent registration or an applicable exemption from the registration requirements of such Act.
About P2 Gold Inc.
P2 is a mineral exploration and development company focused on advancing precious metals
discoveries and acquisitions in the Pacific Northwest.
For further information, please contact:
P2 Gold Inc.
www.p2gold.com
Joseph Ovsenek
President, CEO and Chairman
Chris Hopkins, CFO
Tel: +1 (416) 786-9793
Tel: +1 (604) 558-5167
Forward Looking Information
This press release contains “forward-looking information” within the meaning of applicable securities
laws that is intended to be covered by the safe harbours created by those laws. “Forward -looking
information” includes statements that use forward -looking terminology such as “may”, “will”,
“expect”, “anticipate”, “believe”, “continue”, “potential” or the negative thereof or other variations
thereof or comparable terminology. Such forward -looking information includes, without limitation,
information with respect to the Private Placement and the Company’s expectations, strategies and
plans for the Silver Reef Property, BAM Property , Todd Creek Property, Stockade Property and Lost
Cabin Property including the Company’s planned expenditures and exploration activities.
Forward-looking information is not a guarantee of future performance and is based upon a number of
estimates and assumptions of management at the date the statements are made. Furthermore, such
forward-looking information involves a variety of known and unknown risks, uncertainties and other
factors which may cause the actual plans, intentions, activities, results, performance or achievements
of the Company to be materially different fr om any future plans, intentions, activities, results,
performance or achievements expressed or implied by such forward -looking information. See “Risk
Factors” in the Company’s annual information form dated October 21, 20 20 filed on SEDAR at
www.sedar.com for a discussion of these risks.
The Company cautions that there can be no assurance that forward-looking information will prove to
be accurate, as actual results and future events could differ materially from those anticipated in such
information. Accordingly, investors should not place undue reliance on forward-looking information.
Except as required by law, the Company does not assume any obligation to release publicly any
revisions to forward -looking information contained in this press release to reflect events or
circumstances after the date hereof.
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.