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TORONTO, Feb. 22, 2021 (GLOBE NEWSWIRE) — Angus Gold Inc. (TSX-V: GUS) (“Angus” or the “Firm”) is happy to announce a non-brokered personal placement consisting of two,800,000 flow-through shares of the Firm (“FT Shares”) at a worth of C$1.00 per FT Share and 700,000 arduous greenback shares of the Firm (“Onerous Shares”) at a worth of C$0.71 per Onerous Share for mixture gross proceeds of C$3,297,000 (the “Financing”).
The web proceeds from the Financing might be used to fund exploration on the Firm’s initiatives in Ontario and for working capital functions. The Firm has agreed to incur and surrender in favour of the subscribers for the Circulation-Via Shares “Canadian exploration bills” (throughout the which means of the Earnings Tax Act (Canada)) in an quantity equal to the subscription worth for the Circulation-Via Shares.
The closing of the Financing is predicted to happen on or about March 18, 2021 and is topic to the receipt of regulatory approvals, together with the approval of the TSX Enterprise Alternate (the “TSXV”). The securities to be issued below the Providing can have a maintain interval of 4 months and in the future from closing.
About Angus Gold:
Angus Gold is a Canadian gold exploration firm with a 234-square-kilometres land package deal situated in north-central Ontario roughly 50 kilometres west of the city of Wawa and lies between Wesdome Gold Mines’ two producing mines.
ON BEHALF OF THE BOARD OF DIRECTORS
Chief Government Officer and Director
Firm Web site: www.angusgold.com
TSXV: GUS | USOTC: ANGVF
Neither TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this launch. This Information Launch consists of sure “forward-looking statements” which aren’t comprised of historic details. Ahead-looking statements embody estimates and statements that describe the Firm’s future plans, aims or targets, together with phrases to the impact that the Firm or administration expects a said situation or end result to happen. Ahead-looking statements could also be recognized by such phrases as “believes”, “anticipates”, “expects”, “estimates”, “might”, “may”, “would”, “will”, or “plan”. Since forward-looking statements are based mostly on assumptions and handle future occasions and situations, by their very nature they contain inherent dangers and uncertainties. Though these statements are based mostly on data at present out there to the Firm, the Firm gives no assurance that precise outcomes will meet administration’s expectations. Dangers, uncertainties and different components concerned with forward-looking data may trigger precise occasions, outcomes, efficiency, prospects and alternatives to vary materially from these expressed or implied by such forward-looking data. Ahead wanting data on this information launch consists of, however shouldn’t be restricted to, the Firm’s aims, targets or future plans, statements, exploration outcomes, potential mineralization, the estimation of mineral assets, exploration and mine growth plans, timing of the graduation of operations and estimates of market situations. Elements that would trigger precise outcomes to vary materially from such forward-looking data embody, however should not restricted to: the power to anticipate and counteract the results of COVID-19 pandemic on the enterprise of the Firm, together with with out limitation the results of COVID-19 on the capital markets, commodity costs provide chain disruptions, restrictions on labour and office attendance and native and worldwide journey, failure to obtain requisite approvals in respect of the Transaction, failure to determine mineral assets, failure to transform estimated mineral assets to reserves, the shortcoming to finish a feasibility examine which recommends a manufacturing determination, the preliminary nature of metallurgical check outcomes, delays in acquiring or failures to acquire required governmental, environmental or different challenge approvals, political dangers, incapability to satisfy the responsibility to accommodate First Nations and different indigenous peoples, uncertainties regarding the supply and prices of financing wanted sooner or later, modifications in fairness markets, inflation, modifications in change charges, fluctuations in commodity costs, delays within the growth of initiatives, capital and working prices various considerably from estimates and the opposite dangers concerned within the mineral exploration and growth business, and people dangers set out within the Firm’s public paperwork filed on SEDAR. Though the Firm believes that the assumptions and components utilized in making ready the forward-looking data on this information launch are affordable, undue reliance shouldn’t be positioned on such data, which solely applies as of the date of this information launch, and no assurance could be provided that such occasions will happen within the disclosed time frames or in any respect. The Firm disclaims any intention or obligation to replace or revise any forward-looking data, whether or not because of new data, future occasions or in any other case, aside from as required by regulation.