Strikepoint GOLD Inc. Announces $3 Million Private Placement
Suite 507, 837 West Hastings Street Telephone: (604) 602-1440
Vancouver, BC, V6C 3N6 Facsimile: (604) 685-5777 www.strikepointgold.com
STRIKEPOINT GOLD INC. ANNOUNCES $3 MILLION PRIVATE PLACEMENT
March 23, 2017, Vancouver, BC – StrikePoint Gold Inc. (TSX.V:SKP) (“StrikePoint” or the
Company) is pleased to announce that is has arranged a $3,000,000 non-brokered
private placement consisting of 6,779, 664 Flow-Through Shares (the “FT Shares”) at an
issuance price of $0.295 per FT Share for total proceeds of $2,000,000 and 3,389,000
Non-Flow Through Units (the “NFT Units”) at a price of $0.295 per NFT Unit for total
proceed of $1,000, 000. Each NFT Unit will consist of one non -flow through common
share and one non- flow through share purchase warrant with each warrant being
exercisable at a price of $0.50 for a period of two years from closing.
The Company further announces that concurr ent with this announcement, it has closed
on the 6,779,664 FT Shares for total proceeds of $2,000,000. The FT Shares will be
subject to a hold period expiring on July 2 4, 2017. Finder’s fees of $140,000 cash and
474,576 finder’s warrants will be paid to Medalist Capital Ltd. in connection with this
closing. The finder’s warrants will have an exercise term of two years from issuance
with an exercise price of $0.295 and be subject to a holder period expiring on July 24,
2017.
It is anticipated that a 7% fi nder’s fee, payable in cash and warrants will be paid in
connection with the balance of the financing.
The proceeds from the issuance of the FT Shares will be used to incur Canadian
exploration expenses on the Company’s gold projects located in the Yukon T erritory,
and the proceeds from the NFT Units will be used by the Company for general working
capital.
It is anticipated that the closing of the $1,000,000 NFT Units will be on or before March
31, 2017.
The private placement is subject to approval of the TSX Venture Exchange.
ON BEHALF OF THE BOARD of STRIKEPOINT GOLD INC.
Shawn Khunkhun
CEO and Director
For more information, contact:
Shawn Khunkhun
604-602-1440
Suite 507, 837 West Hastings Street Telephone: (604) 602-1440
Vancouver, BC, V6C 3N6 Facsimile: (604) 685-5777 www.strikepointgold.com
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.