Spanish Mountain Announces Non-brokered Private Placement
1120‐1095 West Pender Street
Vancouver, British Columbia, V6E 2M6
Tel: 604.601.3651
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN
THE UNITED STATES
September 14, 2017
Spanish Mountain Announces Non-brokered Private Placement
VANCOUVER, B.C. - Spanish Mountain Gold Ltd. (the “ Company”) (TSX-V: SPA)
announces a non-brokered private placement offering (the “Offering”) to raise up to $2,000,000
through the issuance of up to 15,384,615 of common share units (the “Units”).
Each Unit will be sold at a price of $0.13 per Unit and will consist of one common share of the
Company and one common share purchase warrant (a “ Warrant”). Each Warrant will entitle its
holder to purchase one common share at a price of $0.20 per share for a period of two years
following the closing of the Offering.
All securities issued in connection with the Offe ring will be subject to a four month hold period
in Canada. Closing of the Offering, which is e xpected to occur on or about September 26, 2017,
is subject to customary conditions, including the acceptance of the TSX Venture Exchange.
The entire proceeds of the private placement w ill be used to advance the Company’s Spanish
Mountain gold project.
Certain insiders of the Company will be subscrib ing to the Units in connection with the private
placement. Any such participation is considered to be a "related party transaction" as defined
under Multilateral Instrument 61-101 ("MI 61-101"). The transaction will be exempt from the
formal valuation and minority shareholder approva l requirements of MI 61-101 as neither the fair
market value of any securities issued to nor the consideration paid by such persons will exceed
25% of the Company's market capitalization.
This news release does not constitute an offer to se ll or a solicitation of an offer to sell 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 w ithin the United States or to U.S. Persons unless
registered under the U.S. Securities Act and appli cable state securities laws or an exemption from
such registration is available.
About Spanish Mountain Gold Ltd.
Spanish Mountain Gold Ltd is focused on a dvancing its flagship Spanish Mountain gold
project in southern central British Columb ia. The Company has adopted a two-zone
project approach in which the pit-delineated high grade core (the First Zone) of the multi-
million ounce resource is expected to sustain a robust stand-alone operation exceeding 24
years. The positive economics of the First Zone have been demonstrated in a Preliminary
Economic Assessment. Furthermore, the Second Zone could potentially expand and
extend the project’s production profile for decades. Additional information about the
Company is available on its website: www.spanishmountaingold.com
On Behalf of the Board,
SPANISH MOUNTAIN GOLD LTD.
Larry Yau
Chief Executive Officer
Inquiries:
SPANISH MOUNTAIN GOLD LTD.
Phone: (604) 601‐3651
E‐mail: [email protected]
Website: www.spanishmountaingold.com
Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking information, which involves known and unknown risks,
uncertainties and other factors that may cause actual events to differ materially from current expectation.
Important factors that could cause actual results to differ materially from the Company's expectations are
disclosed in the Company's documents filed from time to time on SEDAR (see www.sedar.com). Readers
are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the
date of this press release. The company disclaims any intention or obligation, except to the extent required
by law, to update or revise any forward-looking statements, whether as a result of new information, future
events or otherwise.