2019News

April 8, 2019 STRIKEPOINT GOLD INC. ANNOUNCES CLOSING PRIVATE PLACEMENT

April 8, 2019, Vancouver, BC –StrikePoint Gold Inc. (TSX.V:SKP) (“StrikePoint” or the Company) is pleased to announce that it has completed a private placement raising $1,271,919.88 through the sale of 11,562,908 Units (the “Units”) at a price of $0.11 per Unit.  Each Unit consists of one common share and one share purchase warrant with each warrant being exercisable into one additional common share at a price of $0.20 per share until April 7, 2022.

Finder’s fees were paid to Haywood Securities (as to $3,396.80 in cash and 30,880 in finder’s warrants), PI Financial Corp. (as to $7,040 in cash and 64,000 in finder’s warrants) and Redplug Capital Corp. (as to $46,640 in cash and 424,000 in finder’s warrants).  The finder’s warrants are exercisable on the same terms as the unit warrants.

All securities issued in connection with the private placement are subject to a regulatory hold period expiring on August 9, 2019.

The proceeds from the private placement will be used by the Company for acquisitions, exploration and general working capital purposes.

Due to insider participation in the private placement, it is considered a related party transaction within the meaning of Multilateral Instrument 61-101 (“MI 61-101”).  The participation is exempt from the need to obtain minority shareholder approval and a formal valuation on the basis that insider participation is less than 25% of the Issuer’s market capital.

 

ON BEHALF OF THE BOARD of STRIKEPOINT GOLD INC.

Shawn Khunkhun
CEO and Director

For more information, contact:

Shawn Khunkhun

604-602-1440

sk@strikepointgold.com

 

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.