P2 Gold Upsizes and Closes the Flow-Through Private Placement
October 1, 2021 News Release 21-20
P2 Gold Upsizes and Closes the Flow-Through Private Placement
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, October 1 , 202 1; P2 Gold Inc . (“P2” or the “Company”) (TSX -V:PGLD)
reports it has upsized the non-brokered flow-through private placement (the “Private Placement”)
(see P2’s news release s dated September 15 and 17 , 2021) from 2,500,000 flow -through common
shares to 2,520,000 flow -through common shares and closed the Private Placement for gross
proceeds of $1.26 million.
The gross proceeds of the Private Placement will be used to fund exploration expenditures on the
BAM Property and for other Canadian Exploration Expenses that will qualify as “flow through mining
expenditures” as defined in subsection 127(9) of the Income Tax Act (Canada), and “BC flow-through
mining expenditures”, as defined in the Income Tax Act (British Columbia).
All securities issued pursuant to the Private Placement are subject to a four -month hold period. In
connection with the Private Placement, the Company paid finder’ s fees of an aggregate of $12,500 to
an arm’s length finder, representing 5% of the proceeds raised from subscriptions by a certain placee.
The securities offered pursuant to the Private Placement have not been and will not be registered
under the United St ates 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 comp any focused on advancing precious metals and
copper discoveries and acquisitions in the western United States and British Columbia.
2 | P a g e
For further information, please contact:
Joseph Ovsenek
President & CEO
(778) 731-1055
P2 Gold Inc.
Suite 1100, 355 Burrard Street
Vancouver, BC
V6C 2G8
(SEDAR filings: P2 Gold Inc.)
Michelle Romero
Executive Vice President
(778) 731-1060
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Information
This press release contains “forward-looking information” within the meaning of applicable securities
laws that is int ended 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,
statements regarding the use of proceeds, the renouncement of the Canadian Exploration Expenses,
information with respect to the Company’s expectations, strategies and plans 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 from 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 August 9, 20 21 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 antic ipated 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.