St. Anthony Gold Corp. Announces First Closing of Financing
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For Immediate Release
St. Anthony Gold Corp. Announces First Closing of Financing
VANCOUVER, BC / ACCESSWIRE / October 26, 2022 / St. Anthony Gold Corp. (“St. Anthony” or
the “Company“) (CSE: STAG) (Frankfurt: M1N) (OTC: MTEHF) announces it has completed a first
closing of a non -brokered private placement. The Company accepted subscrip tions for
22,028,700 units at a price of $0.035 per unit, for gross proceeds of $771,004,57. Each unit
consists of one common share and one common share purchase warrant. Each warrant entitles
the holder to purchase one additional common share at $0.05 for a period of two years from the
date of closing. Securities issued on this closing are subject to a statutory hold period until
February 27, 2023.
The Corporation paid finder’s fees to one qualified finder of $19,026 and issued 543,600 broker
warrants. The broker warrants having the same terms as those above.
An insider of the Company subscribed for an aggregate of 1,172,000 common share units of the
Company. The Company has relied on the exemptions from the valuation and minority
shareholder approval requirements of MI 61 -101 contained in sections 5.5(b) and 5.7(a) of MI
61-101 in respect of such insider participation.
The Corporation intends to use the net proceeds for general working capital.
About St. Anthony Gold Corp.
St. Anthony Gold Corp., a Canadian-based mineral exploration corporation, is focused on
identifying and advancing high-value mineral properties.
FOR ADDITIONAL INFORMATION SEE THE COMPANY’S WEB SITE AT
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https://stanthonygoldcorp.com
Email to [email protected]
Contact: Peter Wilson CEO - 604-649-0945
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the Canadian Securities Exchange) accepts responsibility for the
adequacy or accuracy of this release.
Further information about the Company is available on www.SEDAR.com under the Company’s
profile.
Certain statements contained in this release may constitute “forward –looking statements” or
“forward-looking information” (collectively “forward -looking information”) as those terms are
used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These
statements relate to future events or future performance. The use of any of the words “could”,
“intend”, “expect”, “believe”, “will”, “projected”, “estimated”, “anticipates” and similar
expressions and statements relating to matters that are not historical facts are intended to
identify forward -looking information and are based on the Company’s curr ent belief or
assumptions as to the outcome and timing of such future events. Actual future results may differ
materially. In particular, this release contains forward -looking information relating to the
business of the Company. The forward -looking information contained in this release is made as
of the date hereof and the Company is not obligated to update or revise any forward -looking
information, whether as a result of new information, future events or otherwise, except as
required by applicable securiti es laws. Certain statements contained in this release may
constitute “forward –looking statements” or “forward -looking information” (collectively
“forward-looking information”) as those terms are used in the Private Securities Litigation
Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future
performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”,
“projected”, “estimated”, “anticipates” and similar expressions and statements relating t o
matters that are not historical facts are intended to identify forward-looking information and are
based on the Company’s current belief or assumptions as to the outcome and timing of such
future events. Actual future results may differ materially. In pa rticular, this release contains
forward-looking information relating to the business of the Company. The forward -looking
information contained in this release is made as of the date hereof and the Company is not
obligated to update or revise any forward -looking information, whether as a result of new
information, future events or otherwise, except as required by applicable securities laws.