Sylla GOLD Announces Private Placement of Units
Sylla Gold Corp
1550 Bedford Highway, Suite 802
Bedford, Nova Scotia, Canada B4A 1E6
(902) 233-4381
SYLLA GOLD ANNOUNCES PRIVATE PLACEMENT OF UNITS
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED STATES
January 27, 2022 – Bedford, Nova Scotia – Sylla Gold Corp. (NEX: SYG.H) (the “Company”) is
pleased to announce a non-brokered private placement of up to 15,000,000 units (each, a “Unit”) at a price
of $0.20 per Unit for aggregate gross proceeds of up to $3,000,000 (the “Offering”). Each Unit shall be
comprised of one common share (each, a “Common Share ”) in the capital of the Company and one
Common Share purchase warrant (each, a “ Warrant”). Each Warrant shall entitle the holder thereof to
acquire one Common Share at a price of $0.32 per Common Share for a period of two (2) years from the
date of issuance.
All securities issued pursuant to the Offering will be subject to a hold period of four months plus a day from
the date of issuance and the resale rules of applicable securities legislation. The proceeds from the Offering
will be used by the Company for corporate and general working capital purposes, exploration and to satisfy
payables. The closing of the Offering is subject to certain conditions including, but not limited to, the receipt
of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.
This news release does not constitute an offer to sell 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 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.
For more information, please contact:
Regan Isenor
President and Chief Executive Officer
Tel: (902) 233-4381
Email: [email protected]
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.
This news release contains certain “forward-looking information” within the meaning of applicable securities laws. Forward
looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”,
“estimate”, “may”, “will”, “would”, “potential”, “proposed” and other similar words, or statements that certain events or
conditions “may” or “will” occur. These statements are only predictions. Forward -looking information is based on the opinions
and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ mater ially from those projected in the forward-looking information. For
a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company’s
Management’s Discussion and Analysis. The Company underta kes no obligation to update forward-looking information if
circumstances or management’s estimates or opinions should change, unless required by law. The reader is cautioned not to place
undue reliance on forward-looking information.