Strikepoint GOLD Announces $2M Non-Brokered Private Placement
300 - 1055 West Hastings Street Telephone: (604) 602-1440
Vancouver, BC, V6E 2E9 Facsimile: (604) 685-5777 www.strikepointgold.com
STRIKEPOINT GOLD ANNOUNCES $2M NON-BROKERED PRIVATE PLACEMENT
Vancouver, British Columbia — September 8 , 2020, StrikePoint Gold Inc.
(SKP:TSX.V)(STKXF:OTCQB) is pleased to announce that it has arranged a non -brokered $ 2
million private placement (the “Placement”) of 1 3,333,333 units at a price of $0.15 per unit
(each a “Unit”). The offering will include a lead order by Crescat Capital.
Quote from Kevin Smith, Crescat’s founder and chief investment officer:
“Crescat is taking a friendly activist approach to investing in the precious metals mining industry
today. Our goal at this stage of the cycle is to identify and invest in a portfolio of the largest and
most economic new gold and silver deposits in viable jurisdictions around the world. We are
excited about the high grade intercepts at StrikePoint’s Willoughby gold property and are eager
to support the company in building out the deposit.”
ABOUT CRESCAT
Crescat Capital LLC (‘Crescat’) is a global macro asset man agement firm headquartered in
Denver, Colorado. Crescat’s mission is to grow and protect wealth over the long term by
deploying tactical investment themes based on proprietary value -driven equity and macro
models. Crescat’s goal is industry leading absolut e and risk -adjusted returns over complete
business cycles with low correlation to common benchmarks. Crescat’s investment process
involves a mix of asset classes and strategies to assist with each client’s unique needs and
objectives and includes Global Macro, Long/Short, Large Cap and Precious Metals funds.
Crescat’s gold and silver mining investments are advised by technical consultant Quinton
Hennigh, PhD. Dr. Hennigh is a world -renowned exploration geologist with more than 30 years
of experience including with major gold mining firms Homestake Mining, Newcrest Mining, and
Newmont Mining.
Each Unit will comprise one common share and one share purchase warrant (each a “Warrant”).
Each Warrant will entitle the holder to acquire an additional common share of the Company at
an exercise price of $0.25 per share for a period of two years.
Finders’ fees may be payable in connection with the Placement in accordance with applicable
securities laws and the policies of the TSX Venture Exchange (“TSXV”).
The proceeds of the Placement will be utilized to fund the Company’s exploration activities on
its existing mineral property portfolio and general working capital.
Directors and officers of the Company may acquire securities under the Placement, which
participation would be considered to be a "related party transaction" as defined under
Multilateral Instrument 61-101 ("MI 61-101"). Such participation is expected to be exempt from
the formal valuation and minority shareholder approval requirements of MI 61-101.
300 - 1055 West Hastings Street Telephone: (604) 602-1440
Vancouver, BC, V6E 2E9 Facsimile: (604) 685-5777 www.strikepointgold.com
The closing of the Placement is subject to receipt of all necessary regulatory approvals, including
the acceptance by the TSXV.
The Company reserves the right to increase the number of Units issued pursuant to the
Placement to up to 16,666,667 Units for up to total gross proceeds of $2.5 million.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of
the 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 or for the account
or benefit of a U.S. person (as defined in Regulation S under the U.S. Secu rities Act) unless
registered under the U.S. Securities Act and applicable state securities laws or an exemption
from such registration is available.
For further information please visit our website: www.strikepointgold.com
300 - 1055 West Hastings Street Telephone: (604) 602-1440
Vancouver, BC, V6E 2E9 Facsimile: (604) 685-5777 www.strikepointgold.com
About StrikePoint
StrikePoint Gold is a gold and silver exploration company focused on building high -grade
precious metals resources in Canada. The company controls two advanced stage exploration
assets in BC’s Golden Triangle: the past- producing high-grade Porter Silver Project and the high -
grade Willoughby Gold Project. The company also owns a portfolio of gold properties in the
Yukon and has Eric Sprott, Skeena Resources and Ascot Resources as significant shareholders.
ON BEHALF OF THE BOARD of STRIKEPOINT GOLD INC.
Shawn Khunkhun CEO and Director
For more information, contact:
Shawn Khunkhun
604-602-1440
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.
Cautionary note regarding forward-looking statements
This news release contains certain "forward looking statements" and certain "forward -looking
information" as defined under applicable Canadian and U.S. securities laws. Forward -looking
statements and information can generally be identified by the use of forward -looking
terminology such as "may", "will", "should", "expect", "intend", "estimate", "anticipate",
"believe", "continue", "plans" or similar terminology. The forward -looking information
contained herein is provided for the purpose of assisting readers in understanding
management's current expectations and plans relating to the future. Readers are cautioned that
such information may not be appropriate for other purposes.
Forward-looking statements and information include, but are not limited to, statements in
respect of the proposed Placement including the timing for completion, the possib ility of
increasing the size of the Offering, the proposed use of proceeds and the receipt of regulatory
and stock exchange approvals.
Forward-looking information is subject to known and unknown risks, uncertainties and other
factors that may cause the actual actions, events or results to be materially different from those
expressed or implied by such forward -looking information, including but not limited to: the
requirement for regulatory approvals; enhanced uncertainty in global financial markets as a
result of the current COVID -19 pandemic; unquantifiable risks related to government actions
and interventions; stock market volatility; regulatory restrictions; and other related risks and
uncertainties.
Forward-looking information are based on management of the parties' reasonable assumptions,
estimates, expectations, analyses and opinions, which are based on such management's
300 - 1055 West Hastings Street Telephone: (604) 602-1440
Vancouver, BC, V6E 2E9 Facsimile: (604) 685-5777 www.strikepointgold.com
experience and perception of trends, current conditions and expected developments, and other
factors that management believes are r elevant and reasonable in the circumstances, but which
may prove to be incorrect.
The Company undertakes no obligation to update forward -looking information except as
required by applicable law. Such forward looking information represents management's bes t
judgment based on information currently available. No forward looking statement can be
guaranteed and actual future results may vary materially. Accordingly, readers are advised not
to place undue reliance on forward-looking statements or information.