/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED
STATES/
VANCOUVER, Jan. 21, 2019 /CNW/ - Warrior Gold Inc.
(TSX-V - WAR) ("Warrior Gold" or the "Company") is
pleased to announce a non-brokered private placement of 5,000,000
flow-through common shares at a price of $0.10 per flow-through common share to raise
gross proceeds of $500,000 (the
"Private Placement").
Danièle Spethmann, President and CEO of Warrior Gold commented,
"The proceeds of this financing will be utilized to fund a 2,000
metre drill program anticipated to start in early February 2019. The drill program will test
geological targets identified by the Company's 2018 property work
programs that combined geophysical and surface data with historical
property information that was compiled into a 3D model providing
the Company with a valuable exploration tool."
The Company may pay finder's fees on a portion of the Private
Placement in accordance with applicable securities laws and the
policies of the TSX Venture Exchange. All securities issued
under the Private Placement will be subject to a four month and one
day "hold period" under applicable Canadian securities
legislation.
The Private Placement is subject to approval of the TSX Venture
Exchange.
About Warrior Gold Inc.
Warrior Gold is a TSX-V listed company focused on gold
exploration at its Goodfish-Kirana Property located five kilometers
from the town of Kirkland Lake,
Ontario. The Goodfish-Kirana Property is located in the
historic Kirkland Lake Gold Camp
which is situated in the prolific Abitibi Greenstone Belt;
recognized as one of the world's highest-grade greenstone belts
with over 200 million ounces of gold produced to date.
The Goodfish-Kirana Property is 11.5 km long by roughly 3 km
wide (34 km2) and contains three major structural
trends, the East West trending Kirana Deformation Zone, the North
East trending Goodfish Deformation Zone; and the Victoria Creek DZ
on the recently acquired Sutton
claims. The Property contains numerous historical gold
showings, including 18 historical pits and shafts. The Company is
exploiting this largely underexplored land package with modern
exploration technology and regional geological expertise.
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.
Forward-Looking Statements: This press release
contains forward-looking statements. Forward-looking statements are
frequently characterized by words such as "plan", "expect",
"project", "intend", "believe", "anticipate", "estimate", "may",
"will", "would", "potential", "proposed" and other similar words,
or statements that certain events or conditions "may" or "will"
occur. The forward-looking statements are based on certain key
expectations and assumptions made by the Company. Although Warrior
Gold believes that the expectations and assumptions on which the
forward-looking statements are based are reasonable, undue reliance
should not be placed on the forward-looking statements because
Warrior Gold can give no assurance that they will prove to be
correct. Since forward-looking statements address future events and
conditions, by their very nature they involve inherent risks and
uncertainties. Actual results could differ materially from those
currently anticipated due to a number of factors and risks. In
addition to other risks that may affect the forward-looking
statements in this press release are those set out in the Company's
management discussion and analysis of the financial condition and
results of operations for the year ended March 31, 2018 and the second quarter ended
September 30, 2018, which are
available on the Company's profile at www.sedar.com. The
forward-looking statements contained in this press release are made
as of the date hereof and Warrior Gold undertakes no obligation to
update publicly or revise any forward-looking statements or
information, whether as a result of new information, future events
or otherwise, unless so required by applicable securities laws.
SOURCE Warrior Gold Inc.