Granite Creek Closes $250,000 Non-Brokered Private Placement
25 4월 2014 - 1:17AM
Marketwired
Granite Creek Closes $250,000 Non-Brokered Private Placement
FronTier Merchant Capital Group Retained for Investor
Relations
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 24, 2014) -
Granite Creek Gold Ltd. (TSX-VENTURE:GCX)(the "Company") is pleased
to announce that it has closed the previously announced
non-brokered private placement of 5,000,000 units at a price of
$0.05 per unit for proceeds totalling $250,000. Each unit consists
of one common share and one half of a transferrable common share
purchase warrant. Each full common share purchase warrant will be
exercisable for one common share of the Company's capital stock for
a period of eighteen months from the date of issue at an exercise
price of $0.07. The Company received TSX Venture Exchange ("TSXV")
approval for the private placement on April 22, 2014. The Company
will pay finder's fees and issue finder's warrants in connection
with a portion of the private placement. The net proceeds from the
placement will be used by the Company for operations, investor
relations and general working capital purposes. All shares,
warrants and any shares issued upon exercise of warrants are
subject to a hold period and may not be traded in British Columbia
until four months and one day from the date of issue, except as
permitted by the applicable Securities Acts and the Rules made
thereunder and the TSXV.
The Company is also pleased to announce that it has retained
FronTier Merchant Capital Group ("FronTier") for Investor Relations
Services. FronTier is an experienced and reputable Investor
Relations group with a home office in Toronto, Canada. FronTier
will assist the Company by increasing market awareness utilizing a
number of financial market communications initiatives. The core of
which will be facilitating in-person introductions for the Company
with institutional and retail brokers and investors in a number of
cities across Canada, the US, Europe and Australasia.
FronTier has been retained for a 12 month period, commencing
April 22, 2014 at $5,000 per month plus direct expenses. The
Agreement may only be terminated after 6 months from commencement
by either party on 30 days advance written notice.
Frontier and its principal(s) have purchased 1,600,000 units in
this private placement.
The Company has agreed, subject to TSXV approval, to grant
FronTier stock options for the purchase of up to 250,000 common
shares of the Company's capital stock for a period of five years at
a price of $0.10 per share in accordance with the Company's Stock
Option Plan and to vest according to TSXV policy.
About Granite Creek Gold
Granite Creek is a Vancouver based exploration company in the
business of acquiring and carrying out exploration on mineral
properties, especially those with precious metals potential, with
the goal of establishing a mineable mineral resource. Granite
Creek's Canadian projects consist of the gold/copper/molybdenum
Taseko Property, 225 km north of Vancouver, BC, on which it has an
option to acquire a 70% interest; the 100% owned 654 ha Railway
Property, a copper project in the highly prospective Stikine arch
area of northwestern BC; and the 5611 ha Troitsa Property, a
copper/molybdenum/gold/silver property located in central BC, on
which it has an option to acquire a 100% interest. The Company also
has an option to acquire a 100% interest in the 75 sq km Darsalam
gold concession in Mali, West Africa.
This news release includes certain forward-looking statements or
information. All statements other than statements of historical
fact included in this release, including, without limitation,
statements relating to regulatory approvals, exploration programs,
and other future plans, objectives or expectations of the Company
are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ
materially from the Company's plans or expectations include the
Company's ability to obtain regulatory approval and to complete its
exploration programs on schedule and other risks detailed herein
and from time to time in the filings made by the Company with
securities regulators. The Company expressly disclaims any
intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise except as otherwise required by applicable securities
legislation.
Neither the 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.
Granite Creek Gold Ltd.Timothy
JohnsonPresident604-569-2430info@granitecreekgold.com
Granite Creek Copper (TSXV:GCX)
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