NOT FOR DISTRIBUTION TO DISSEMINATION IN THE UNITED STATESIdaho Champion Gold Mines Canada Inc. is happy to announce that it has closed the second tranche of the non-public placement providing introduced on Could 25, 2021. As a part of the closing of the second tranche, the Firm issued 5,312,333 items for gross proceeds of $796,850. The Firm paid a money finders’ charge of $54,460 and issued 363,066 finders’ warrantsOn …
NOT FOR DISTRIBUTION TO DISSEMINATION IN THE UNITED STATES
Idaho Champion Gold Mines Canada Inc. (CSE:ITKO)(OTCQB:GLDRF)(FSE:1QB1) (“Idaho Champion” or the ‘Firm’) is happy to announce that it has closed the second tranche of the non-public placement providing introduced on Could 25, 2021. As a part of the closing of the second tranche, the Firm issued 5,312,333 items for gross proceeds of $796,850. The Firm paid a money finders’ charge of $54,460 and issued 363,066 finders’ warrants
On Could 25, 2021, Idaho Champion introduced a non-brokered non-public placement of as much as 10,000,000 items at a value of $0.15 per unit for gross proceeds of as much as $1,500,000.
Every unit will consist of 1 (1) frequent share and one (1) non-transferable buy warrant (a “Warrant“). Every Warrant will entitle the holder to buy one further frequent share at a value of $0.25 for a interval of 48 months from the date of challenge and will likely be topic to an acceleration clause whereby the Firm might power train of the warrant any time earlier than the top of the 48-month interval if the Idaho Champion share value trades over $0.40 per share for 20 consecutive days.
The proceeds of the financing will likely be used for the funding of an exploration program the Champagne Gold Challenge in Idaho, USA, and for normal working capital functions.
The financing is topic to regulatory approval and all securities to be issued pursuant to the financing are topic to a four-month maintain interval beneath relevant Canadian securities legal guidelines. The Firm paid finders’ charges consisting of 8% money and eight% non-transferable warrants in reference to the financing, topic to compliance with the coverage of the Canadian Securities Trade (the “CSE“). Completion of the non-public placement and cost of any finders’ charges stay topic to the receipt of all obligatory regulatory approvals, together with approval of the CSE.
About Idaho Champion Gold Mines Inc.
Idaho Champion is a discovery-focused gold exploration firm that’s dedicated to advancing its 100%-owned extremely potential mineral properties positioned in Idaho, United States. The Firm’s shares commerce on the CSE beneath the buying and selling image “ITKO”, on the OTCQB beneath the buying and selling image “GLDRF”, and on the Frankfurt Inventory Trade beneath the image “1QB1”. Idaho Champion is vested in Idaho with the Baner Challenge in Idaho County, the Champagne Challenge positioned in Butte County close to Arco, and 4 cobalt properties in Lemhi County within the Idaho Cobalt Belt. Idaho Champion strives to be a accountable environmental steward, stakeholder and a contributing citizen to the native communities the place it operates. Idaho Champion takes its social license significantly, using local people members and repair suppliers at its operations at any time when doable.
ON BEHALF OF THE BOARD
Jonathan Buick, President and CEO
For additional data please contact:
Nicholas Konkin, Advertising and marketing and Communications
Telephone: (416) 567- 9087
Electronic mail: email@example.com
THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES IN ANY JURISDICTION, NOR SHALL THERE BE ANY OFFER, SALE, OR SOLICITATION OF SECURITIES IN ANY STATE IN THE UNITED STATES IN WHICH SUCH OFFER, SALE, OR SOLICITATION WOULD BE UNLAWFUL.
Neither the Canadian Securities Trade nor its regulation companies supplier has reviewed or accepted duty for the adequacy or accuracy of this press launch This press launch might embrace forward-looking data throughout the which means of Canadian securities laws, in regards to the enterprise of the Firm. Ahead-looking data is predicated on sure key expectations and assumptions made by the administration of the Firm, together with prompt strike extension. Though the Firm believes that the expectations and assumptions on which such forward-looking data is predicated on are affordable, undue reliance shouldn’t be positioned on the forward-looking data as a result of the Firm may give no assurance that they’ll show to be appropriate. Ahead-looking statements contained on this press launch are made as of the date of this press launch. The Firm disclaims any intent or obligation to replace publicly any forward-looking data, whether or not because of new data, future occasions or outcomes or in any other case, aside from as required by relevant securities legal guidelines.
SOURCE: Idaho Champion Gold Mines Canada Inc.
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