Visible GOLD Mines Announces Extension of Warrant Term
VISIBLE GOLD MINES ANNOUNCES
EXTENSION OF WARRANT TERM
ROUYN-NORANDA, QC
,
Aug. 23, 2022
/CNW Telbec/ -
Visible Gold Mines Inc.
(TSXV: VGD)
(
FRANKFURT
: 3V41) is pleased to announce that the TSX Venture Exchange has approved Visible
Gold's application for a one-year extension of the term of 3,900,000 common share purchase
warrants ("
Warrants
") that were issued by Visible Gold Mines as part of a private placement that
closed on
September 4
, 2020. Each warrant currently entitles its holder to purchase one additional
common share of Visible Gold Mines at an exercise price of
$0.25
until
September 4, 2022
.
The term of the warrants will be extended for another year to
September 4, 2023
, for a total term of
three years. Visible Gold Mines issued a total of 4,000,000 Warrants in the
September 4, 2020
private placement.
About Visible Gold Mines Inc.
Visible Gold Mines is a corporation focused on gold in the prolific
Abitibi Gold Belt
and the
James
Bay
region in the province of
Quebec
. Visible Gold Mines has 33,827,039 common shares
outstanding.
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 the
release.
Forward-Looking Statements
This news release contains statements that may constitute "forward-looking information" within the
meaning of applicable Canadian securities legislation. Forward-looking information may include,
among others, statements regarding the future plans, costs, objectives or performance of Visible
Gold Mines, or the assumptions underlying any of the foregoing. In this news release, words such as
"may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate"
and similar words and the negative form thereof are used to identify forward-looking statements.
Forward-looking statements should not be read as guarantees of future performance or results, and
will not necessarily be accurate indications of whether, or the times at or by which, such future
performance will be achieved. No assurance can be given that any events anticipated by the
forward-looking information will transpire or occur,. Forward-looking information is based on
information available at the time and/or management's good-faith belief with respect to future events
and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable
factors, many of which are beyond Visible Gold Mines' control. These risks, uncertainties and
assumptions include, but are not limited to, those described under "Financial Risks" and "Risk
Factors" in Visible Gold Mines' Annual Report for the fiscal year ended
July 31, 2021
, a copy of
which is available on SEDAR at
www.sedar.com
, and could cause actual events or results to differ
materially from those projected in any forward-looking statements. Visible Gold Mines does not
intend, nor does Visible Gold Mines undertake any obligation, to update or revise any forward-
looking information contained in this news release to reflect subsequent information, events or
circumstances or otherwise, except if required by applicable laws.
Website:
www.visiblegoldmines.com
SOURCE
Visible Gold Mines Inc.
View original content:
http://www.newswire.ca/en/releases/archive/August2022/23/c1514.html
%SEDAR: 00025339E
For further information:
Martin Dallaire, President and Chief Executive Officer, Telephone: 819-
762-0107, Fax: 819-762-0097, E-mail: [email protected]
CO: Visible Gold Mines Inc.
CNW 16:54e 23-AUG-22