VANCOUVER, April 25, 2016 /CNW/ - Intact Gold Corp.
(TSX-V: ITG) (FSE: 1A5) (the "Company" or "Intact Gold"),
announces that further to its news release dated February 11, 2016, and April 12, 2016, as a result of the Company's
stock split, Intact Gold will be arranging a non-brokered private
placement of up to 2,800,000 million units at a price of
12.5 cents per unit, for gross
proceeds of up to $350,000. Each unit
comprises one common share and one half of one common share
purchase warrant. Each whole warrant entitles the holder to acquire
one additional common share for a period of two years at a price of
17.5 cents.
Proceeds of the placement will be applied to the Company's
properties, potential acquisitions and for general working
capital.
All securities issued in connection with the offering will be
subject to a statutory hold period of four months plus a day from
the date of issuance in accordance with applicable securities law.
The offering is subject to a number of conditions, including
receipt of all necessary corporate and regulatory approvals,
including approval of the TSX-V.
ON BEHALF OF THE BOARD OF DIRECTORS OF INTACT GOLD
CORP.
Per: Anthony Jackson, President and CEO
Disclaimer for Forward-Looking Information
Except for statements of historical fact, this news release
contains certain "forward-looking information" within the meaning
of applicable securities law. Forward-looking information is
frequently characterized by words such as "plan", "expect",
"project", "intend", "believe", "anticipate", "estimate" and other
similar words, or statements that certain events or conditions
"may" occur. Forward-looking information in this press release
includes, but is not limited to, statements regarding expectations
of management regarding the acquisition of the Property. Although
the Company believes that the expectations reflected in the
forward-looking information are reasonable, there can be no
assurance that such expectations will prove to be correct. Such
forward-looking information is subject to risks and uncertainties
that may cause actual results, performance or developments to
differ materially from those contained in the statements including,
without limitation, the risks that the Company may not have the
funds necessary to make its payments pursuant to the Agreement,
that the TSX-V may not approve the transaction, and other factors
beyond the control of the Company. Except as required by law, the
Company expressly disclaims any obligation, and does not intend, to
update any forward-looking information in this news release.
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.
SOURCE Intact Gold Corp
