VANCOUVER, BC, Oct. 21, 2020 /CNW/ -- St. James Gold Corp.
(TSXV: LORD) (the "Company") is pleased to announce that it will
conduct a non-brokered private placement of up to 2,000,000 units
("Units") at a price of $0.12 per
Unit for gross proceeds of up to $240,000 (the "Offering").
Each Unit will be comprised of one common share and one common
share purchase warrant ("Warrant"), with each Warrant entitling the
holder to purchase one additional common share at $0.12 per share for a period of one (1) year from
the date of issue.
All securities issued in connection with the Offering will be
subject to a four–month statutory hold period. The Company may pay
a finder's fee may in cash and or share purchase warrants in
accordance with the rules of the TSX Venture Exchange.
The Company is reviewing a number of potential mineral property
acquisitions in North America.
The proceeds of the Offering will used to conduct due
diligence of potential acquisitions.
Completion of the private placement remains subject to the
approval of the TSX Venture Exchange.
About St. James Gold Corp.
St. James Gold Corp. is an mineral exploration company focused
on the acquisition, exploration and development of precious metal
projects in North America. The Company is actively looking to
acquire valuable and high quality projects. The Company is based
in Vancouver, British
Columbia, and is listed on the TSX Venture under the symbol
"LORD". To learn more about St James Gold Corp. and its projects
please visit www.StJamesGold.com
Forward-Looking Statements
Information set forth in this news release contains
forward-looking statements that are based on assumptions as of the
date of this news release. These statements reflect management's
current estimates, beliefs, intentions and expectations. They are
not guarantees of future performance. The Company cautions that all
forward looking statements are inherently uncertain and that actual
performance may be affected by a number of material factors, many
of which are beyond the Company's control in particular, the fact
that the Company is reviewing potential mineral property
acquisitions is not an assurance that a suitable acquisition will
be found. Even if the Company is successful in making an
acquisition, it may require additional financing to carry out
exploration and development objectives on the property. Such
other factors include, obtaining the necessary permits to carry out
its activities and the need to comply with environmental and
governmental regulations. Accordingly, actual and future events,
conditions and results may differ materially from the estimates,
beliefs, intentions and expectations expressed or implied in the
forward-looking information. Except as required under applicable
securities legislation, the Company undertakes no obligation to
publicly update or revise forward-looking information.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITYFOR THE ADEQUACY OR
ACCURACYOF THIS RELEASE.
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SOURCE St. James Gold Corp.