Strikepoint GOLD Closes $4.28 Million Private Placement
Suite 507, 837 West Hastings Street Telephone: (604) 602-1440
Vancouver, BC, V6C 3N6 Facsimile: (604) 685-5777 www.strikepointgold.com
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DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES
STRIKEPOINT GOLD CLOSES $4.28 MILLION PRIVATE PLACEMENT
October 5, 2020, Vancouver, B.C., Amendment to October 5, 2020 News Release -
Further to its news releases dated September 8, 2020 and September 10, 2020,
StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) is pleased to announce that it has
closed its previously announced non- brokered private placement offering of units (the
"Units") of the Company raising $3,282,995 through the sale of 21,886,633 Units at a
price of $0.15 per Unit (the “NFT Placement”).
As previously announced, each Unit is comprised of one common share and one share
purchase warrant (each a “Warrant”) with each Warrant entitling the holder to acquire
additional common shares of the Company at an exercise price of $0.25 per share for a
period of two years.
The Company also announces that it has closed its previously announced non -brokered
private placement of 4,761,906 flow through units (each an “FT Unit”) raising gross
proceeds of $1,000,000 at a price of $0.21 per FT Unit (together with the NFT
Placement, the “Placement”). E ach FT Unit will comprise one flow through common
share and Warrant.
The Company paid $15,597 and issued 103,980 finder’s warrants in connection with the
private placement.
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.
The securities issued in connection with this private placement are subject to a hold
period expiring on February 3, 2021.
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. Securities 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
Suite 507, 837 West Hastings Street Telephone: (604) 602-1440
Vancouver, BC, V6C 3N6 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", "pla ns" 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 m ay 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 possibility
of increasing the size of the Offeri ng, 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,
Suite 507, 837 West Hastings Street Telephone: (604) 602-1440
Vancouver, BC, V6C 3N6 Facsimile: (604) 685-5777 www.strikepointgold.com
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 experience and perception of trends, current conditions and expected
developments, and other factors that management believes are relevant 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 best 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.