Golden Tag Resources Announces $1,500,000 Financing & Strengthens Board of Directors
GOLDEN TAG RESOURCES LTD.
Suite 16, 3608 St-Charles Blvd. Kirkland, QC H9H3C3
T: 514.426.8542; F: 514.426.8543; E: [email protected]
Golden Tag Resources Announces $1,500,000 Financing
& Strengthens Board of Directors
Montreal, Quebec , September 1 1, 2 019: Golden Tag Resources Ltd. (TSX.V: GOG) (the
"Company") is pleased to announce a private placement for an aggregate of $ 1,500,000
comprised of 30,000,000 units (the "Units") at a price of $0.05 per Unit. Each Unit consists of one
common share (the "Shares") and one-half share purchase warrant (the "Warrants"). Each whole
Warrant will entitle the holder to purchase one additional Share at a price of $0.07 for a period of
24 months from the date of issue of the Warrants.
The Company also announces the appointment of Mr. Chad Williams as a director and Chairman
of the Board. Mr. Williams is the Chairman and founder of Red Cloud Klondike Strike. He has
extensive experience in mining finance and mana gement having previously held the position of
CEO of Victoria Gold Corp., Head of Mining Investment Banking at Blackmont Capital Inc., and a
highly ranked mining analyst at TD Bank and other Canadian brokerage firms. Mr. Williams holds
both a P.Eng in Mining and an MBA from McGill University.
Proceeds from the financing will be used for general working capital.
All securities issued will be subject to a four-month hold period. Closing of the private placement
is subject to the approval of the TSX Venture Exchange and is expected to close on or about
September 19th, 2019. Finder’s fees, including cash and 7% finders warrants in accordance with
regulatory policy will be payable.
About Golden Tag Resources
Golden Tag Resources Ltd. is a Montreal based junior exploration company exploring for high-
grade silver deposits. The Company holds a 100% interest in the San Diego property in Durango
State, Mexico. The San Diego property is located within the Velardeña Mining District, the site of
several mines hav ing produced silver, zinc, lead and gold over the past century. For more
information regarding the San Diego property please visit our website at www.goldentag.ca.
Golden Tag has no debt and presently has 79,806,558 shares issued and outstanding.
For additional information, please contact:
Marc A. Carrier, President & CFO
Ph: (514) 426-8542
Fax: (514) 426-8543
Email : [email protected]
www.goldentag.ca
Neither 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 includes certain forward -looking statements within the meaning of applicable
securities including the anticipated completion of a private placement . Forward -looking
statements are statements that relate to future, not past, events. In this context, forward -looking
statements often address expected future business and financial performance, and often contain
words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that
an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar
expressions. Estimates of mineral resour ces and reserves are also forward-looking statements
because they constitute projections regarding the amount of minerals that may be encountered
in the future. All statements, other than statements of historical fact, included herein including,
without li mitation; statements about the terms and completion of the transaction are forward -
looking statements. By their nature, forward -looking statements involve known and unknown
risks, uncertainties and other factors, which may cause the actual results, perform ance or
achievements, or other future events, to be materially different from any future results,
performance or achievements expressed or implied by such forward -looking statements.
Forward-looking statements are made based on management's beliefs, estima tes and opinions
on the date that statements are made, and the respective companies undertakes no obligation to
update forward-looking statements if these beliefs, estimates and opinions or other circumstances
should change, except as required by applicable securities laws. Investors are cautioned against
attributing undue certainty to forward-looking statements.