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Each flow-through unit will consist of one common share issued and one warrant issued on a flow-through basis as contemplated by the Tax Act(
The Company may pay finders' fees equal to6per cent of the gross proceeds from a portion of the financing in cash and10per cent of finders' warrants(12 month term)equal to the number of units sold based on the same terms and in accordance with the policies of the
The proceeds of the flow-through offering will be used to conduct resource exploration renouncable for the 2020 tax year.
The Company has, subject to regulatory approval,granteddirectors, officers and consultants an aggregate of 4,000,000 options at
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Cautionary and Forward-Looking Statements
Neither the
Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of , including but not limited to, the uncertainty of the financing, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals. Readers are cautioned that the assumptions used in preparing such information, although considered reasonable at the time of preparation, may prove imprecise and undue reliance should not be placed on forward-looking statements. Forward-looking statements in this press release are expressly qualified by this cautionary statement.
The forward-looking statements in this press release are made as of the date of this press release, and the Company undertakes no obligations to update publicly or to revise any of the included forward-looking statements, whether because of new information, future events or otherwise, except as expressly required by applicable securities law.
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Copyright (c) 2020 TheNewswire - All rights reserved., source