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Solstice Announces $1.5 Million Flow-Through Financing

Dec 23, 2021•almost 4 years ago

Amount Raised

$1.5 Million

Round Type

seed

Vancouver

Description

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 Information

Company

Solstice

Location

Vancouver, Washington, United States

About

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.