Relevant Gold Closes Non-Brokered Private Placement
Relevant Gold Closes Non-Brokered Private Placement
VANCOUVER, BC / ACCESSWIRE / June 26, 2024 / Relevant Gold Corp.
(TSXV:RGC)(OTCQB:RGCCF) (the "Company" or "Relevant Gold") is pleased to announce
that it has closed the first tranche ("Tranche One") of its previously announced non-brokered
private placement (the "offering") (see news release dated May 2, 2024). The company raised
gross proceeds of $1,445,325 in Tranche One on the issuance of a total of 5,781,300 Units at a
price of $0.25 per unit. Each Unit consists of one common share of the Company and a one-half
share purchase warrant. Each whole warrant entitles the holder to purchase one additional
common share of the Company at a price of $0.35 per share for a period of 24 months from the
date of issue. The Company is finalizing a second follow-on closing and expects that to close in
early July 2024.
The proceeds from the sale of the private placement will be used to fund exploration activities at
the Company's projects in Wyoming, USA, and for general working capital.
The Company paid a total of $43,041.25 cash finder's fees and issued 172,165 finder's warrants
in connection with the offering. All securities issued in the Private Placement are subject to a
four (4) month hold period from the closing date under applicable securities laws in Canada
expiring on October 27, 2024. In connection with the Private Placement, Relevant Gold directors
and management participated in this financing and purchased a total of 552,800 Units. The
issuance of Units to the directors and management of the Company constitutes a "related party
transaction" as defined under Multilateral Instrument 61-101 ("MI 61- 101"). The transactions
are exempt from the formal valuation and minority shareholder approval requirements of MI 61-
101 as neither the fair market value of any shares issued nor the consideration paid by such
persons exceeds 25% of the Company's market capitalization.
This news release does not constitute an offer to sell or solicitation of an offer to sell any
securities in the United States. The securities have not been and will not be registered
under the United States Securities Act of 1933, as amended (The "U.S. Securities Act") or
any state securities laws and may not be offered or sold within the United States or to U.S.
Persons unless registered under the U.S. Securities Act and applicable state securities laws
or an exemption from such registration is available.
About Relevant Gold Corp.
Relevant Gold Corp. is a North American gold exploration company founded by experienced
exploration geologists and operated by a highly respected team with a proven record of
significant value creation for shareholders. Relevant Gold is focused on the acquisition,
exploration, discovery, and development of district-scale gold projects in the state of Wyoming -
one of the most mining-friendly jurisdictions in the United States and globally.
On behalf of Relevant Gold Corp.,
Rob Bergmann, Chief Executive Officer
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Neither the TSX Venture Exchange nor its Regulation Services Provider accepts
responsibility for the adequacy or accuracy of this release.
For further information about Relevant Gold Corp. or this news release, please visit our website
at www.relevantgoldcorp.com or contact Rob Bergmann, President and CEO, or Kristopher
Jensen, Manager of Investor Relations, at 763-760-4886 or by email at
Cautionary Note Regarding Forward-Looking Statements and Historical Information
This news release contains certain statements that constitute forward-looking information within
the meaning of applicable securities laws. These statements relate to future events of Relevant
Gold Corp. ("Relevant" or "Relevant Gold" or "the Company"). Any statements that express or
involve discussions with respect to predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance (often, but not always, using words or
phrases such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "forecast", "may",
"will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should",
"believe", "outlook" and similar expressions) are not statements of historical fact and may be
forward-looking information. Forward-looking information involves known and unknown risks,
uncertainties, and other factors which may cause the actual results, performance, or
achievements of the Company to be materially different from any future results, performance or
achievements expressed or implied by the forward-looking information. Such risks include,
among others, the inherent risk of the mining industry; adverse economic and market
developments; the risk that the Company will not be successful in completing additional
acquisitions; risks relating to the estimation of mineral resources; the possibility that the
Company's estimated burn rate may be higher than anticipated; risks of unexpected cost
increases; risks of labour shortages; risks relating to exploration and development activities; risks
relating to future prices of mineral resources; risks related to work site accidents, risks related to
geological uncertainties and variations; risks related to government and community support of
the company's projects; risks related to global pandemics and other risks related to the mining
industry. The Company believes that the expectations reflected in such forward-looking
information are reasonable, but no assurance can be given that these expectations will prove to
be correct and such forward‐looking information should not be unduly relied upon. These
statements speak only as of the date of this news release. The Company does not intend, and
does not assume any obligation, to update any forward‐looking information except as required by
law. This document does not constitute an offer to sell, or a solicitation of an offer to buy,
securities of the Company in Canada, the United States or any other jurisdiction. Any such offer
to sell or solicitation of an offer to buy the securities described herein will be made only pursuant
to subscription documentation between the Company and prospective purchasers. Any such
offering will be made in reliance upon exemptions from the prospectus and registration
requirements under applicable securities laws, pursuant to a subscription agreement to be entered
into by the Company and prospective investors.
The scientific and technical contents of this release have been approved by Mr. Brian C. Lentz,
CPG #11999, Chief Exploration Officer of the Company, who is a "Qualified Person" as defined
by Canadian National Instrument 43-101 (Standards of Disclosure for Mineral Projects). Mr.
Lentz is not independent of the Company.
SOURCE: Relevant Gold