VANCOUVER, May 24, 2016 /CNW/ - Intact Gold
Corp. (TSX-V: ITG) (FSE: 1A5) (the "Company" or "Intact Gold"),
is pleased to announce that the company has closed its previously
announced non-brokered Flow Through private placement (news release
dated May 20, 2016).
The private placement consisted of the issuance of 1.25 million
units at a price of 16 cents per unit
for gross proceeds of $200,000. Each
unit comprises one Flow Through common share and one-half of one
common share purchase warrant. Each whole warrant entitles the
holder to acquire one additional common share until May 20, 2018 at a price of 20 cents.
In connection with closing of the private placement, the Company
paid certain finder's fees: $18,000
cash.
The securities issued under the private placement are subject to
a hold period expiring on September 20th,
2016.
Proceeds of the placement will be applied to the Company's
properties.
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