ACCESS Newswire
09 Oct 2019, 01:49 GMT+10
WINNIPEG, MANITOBA / ACCESSWIRE / October 8, 2019 / Winston Gold Corp. ('Winston Gold' or the 'Corporation') (CSE:WGC) (OTCQB:WGMCF) announces the closing of a non-brokered private placement (the 'Private Placement') consisting of 7,724,500 units (the 'Units' ) at a purchase price of $0.08 per Unit to raise gross proceeds of $617,960.
Each Unit consists of one common share (a 'Share' ) in the share capital of the Corporation and one share purchase warrant (a 'Warrant' ). Each full Warrant will entitle the holder to purchase one additional Share in the share capital of the Corporation for a period of 5 years, at an exercise price of $0.20 per Share.
All securities issued in connection with the Private Placement are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.
The net proceeds from the Private Placement will be used for general corporate purposes and to advance the Winston gold project near Helena Montana.
About Winston Gold
Winston Gold is a junior mining company focused on advancing high-grade, low cost mining opportunities into production. Towards that end, the Corporation has acquired an underexplored and under-exploited gold/silver mining opportunity, being the Winston Gold project near Helena, Montana.
ON BEHALF OF THE BOARD OF DIRECTORS OF THE CORPORATION
For further information, please contact
Murray Nye, Chief Executive Officer
Suite 201-919 Notre Dame Avenue, Winnipeg, Manitoba, R3E 0M8 Canada
Telephone: (204) 989-2434 E-mail: [email protected]
The CSE has neither approved nor disapproved the information contained herein
SOURCE: Winston Gold Corp.
Get a daily dose of Chicago Chronicle news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Chicago Chronicle.
More InformationFRANKLIN, Tennessee: Hundreds of thousands of Nissan and Infiniti vehicles are being recalled across the United States due to a potential...
REDMOND, Washington: Microsoft is the latest tech giant to announce significant job cuts, as the financial strain of building next-generation...
LONDON UK - U.S. stock markets were closed on Friday for Independence Day. Global Forex Markets Wrap Up Friday with Greeback Comeback...
SANTA CLARA, California: Nvidia came within a whisker of making financial history on July 3, briefly surpassing Apple's all-time market...
SACRAMENTO, California: California's multibillion-dollar farms are facing a growing crisis—not from drought or pests, but from a sudden...
WASHINGTON, D.C.: President Donald Trump says the United States could soon reach a trade deal with India. He believes this deal would...
(Photo credit: Brad Mills-Imagn Images) The Colorado Rockies have yet to win a home series this season, but they still have a chance...
(Photo credit: Peter Aiken-Imagn Images) Shohei Ohtani's ramp up toward becoming a full-fledged starting pitcher will continue Saturday...
(Photo credit: Joe Camporeale-Imagn Images) The Kansas City Royals have an opportunity to earn their first series win in Phoenix...
These July 4 protests stood in stark contrast to Trump's America 250 initiative, launched on Memorial Day in May to count down to the...
(Photo credit: Joe Camporeale-Imagn Images) Chicago White Sox shortstop prospect Colson Montgomery, promoted from Triple-A Charlotte...
(Photo credit: Jayne Kamin-Oncea-Imagn Images) Isaac Paredes hit a home run on the first pitch of the game, Jose Altuve went deep...