Solstice Announces $1.5 Million Flow-Through Financing
12/23/21, 5:01 PM
Location
vancouverMoney raised
$1.5 million
Round Type
seed
Solstice Gold Corp. (TSXV: SGC) (“Solstice”, “we”, “our” or the “Company”) is pleased to announce that it intends to complete a flow-through financing by way of a non-brokered private placement for aggregate proceeds of approximately $1.5 million subject to increase at the discretion of the board of directors of the Company (the “Offering”). The Offering will consist of up to 6,521,739 common shares of the Company (the “Flow-Through Shares”) that qualify as flow-through shares for purposes of the Income Tax Act (Canada) at a price of $0.23 per Flow-Through Share.
Company Info
Location
vancouver, washington, united states
Additional Info
This news release contains certain forward-looking statements (“FLS”) including but not limited to, the terms of the Offering, the use of proceeds of the Offering, the timing of closing the Offering, the potential increase of the amount of the Offering, and the Company obtaining all necessary regulatory approvals for the Offering including the approval of the TSXV. Solstice has approximately 152 million shares outstanding. Solstice is a gold-focused exploration company with high-quality, district scale projects in established mining regions of Canada.