April 27, 2018, Vancouver, BC –StrikePoint Gold Inc. (TSX.V:SKP) (“StrikePoint” or the
Company) is pleased to announce that it has completed a private placement raising
$830,000 through the sale of 4,150,000 Units (the “Units”) at a price of $0.20 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 $0.40 per share until April
27, 2020.
A finder’s fee was paid to Redplug Capital Corp. in the amount of $52,500 and 262,500
finder’s warrants, with each warrant being exercisable into one common share at a price of
$0.20 per share until April 27, 2020.
All securities issued in connection with the private placement are subject to a regulatory
hold period expiring on August 28, 2017.
The proceeds from the private placement will be used by the Company for general working
capital purposes.
Subsequent to the closing of the private placement, StrikePoint advises that it has over
$5,000,000 working capital.
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.