Spanish Mountain Gold Reports Closing of Previously Announced Private Placement of Flow-through Shares
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
January 15, 2018
Spanish Mountain Gold Reports Closing of Previously Announced Private
Placement of Flow-through Shares
Vancouver, BC - Spanish Mountain Gold Ltd. (“Spanish Mountain ” or the
“Company”) (TSX-V: SPA) confirms that it closed its private placement with an
institutional investor for gross proceeds of $500,006 on December 14, 2017.
On closing, the Company issued 3,846,200 flow -through common shares for $0.13 each.
The gross proceeds will be used by the Company to incur exploration expenditures on the
Company’s Spanish Mountain gold project and will constitute “Ca nadian exploration
expenses” and “flow through mining expenditures” (as defined in the Tax Act) which
will be renounced to the investor for the 2017 taxation year.
All shares issued on closing were subject to a statutory four -month hold period. The
closing is subject to final acceptance by the TSX Venture Exchange.
This news release does not constitute an offer to sell or a solicitation of an offer to sell
any of securities in the United States. The securities have not been and will not be
registered un der 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 Spanish Mountain Gold
Spanish Mountain Gold Ltd is focused on advancing its flagship Spanish Mountain gold
project in southern central British Columbia. 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.