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Golden Tag has announced an upsize of the previously announced non-mediated private placement, Canadian Business Journal.

Not for distribution to US news agencies or distribution in the US

Toronto, February 24, 2022 (GLOBE NEWSWIRE) — Golden Tag Resources Ltd. (““Golden tag” or “society“) (TSX.V: GOG) (OTCQB: GTAGF) agrees to expand the scale of private placements due to strong investor demand for non-mediated private placements previously announced on January 20, 2022. Announced that it has been deployed with up to 5,000,000 units and a total income of up to $ 1,250,000 (“Recruitment“). Combined with the first tranche ending February 8, 2022, up to 13,000,000 units may be issued under the offering at a price of $ 0.25 per unit.

Each unit consists of one share of common stock (“common stock”) and one share of common stock purchase warrant (each “warrant”) in our capital. Each warrant gives its holders the right to acquire one share of common stock at a price of C $ 0.40 for 24 months after the end of the upsize offering. The warrant includes an acceleration clause, and if the closing price of common stock on the exchange is $ 0.70 or more on 10 consecutive trading days, we reserve the right to accelerate the expiration date of the warrant.

In connection with upsizing offerings, we may pay finder fees in cash, securities, or a combination of both, as permitted by exchange policy.

Securities that can be issued and issued in accordance with the upsize offering are subject to a four-month and one-day holding period. We will use the net revenue of the Upsize Offering to fund the promotion of our wholly owned San Diego project in Durango, Mexico, and for working capital and general corporate purposes. Upsizing offerings are subject to certain conditions, including but not limited to the completion of the document, the receipt of all required approvals, including the approval of the TSX Venture Exchange and applicable securities regulators.

The securities offered are not registered under the Securities Act of 1933 (the “Securities Act of 1933”) or the securities laws of the applicable states and are offered or sold to persons in the United States unless registered or exempted. You can’t. From such registration requirements. This press release does not constitute an offer to sell or solicit a purchase, nor will securities be sold in jurisdictions where such offer, solicitation or sale is illegal.

About Golden Tag Resources

Golden Tag Resources Ltd. is a junior exploration company that explores high-grade silver deposits. We have a 100% stake in San Diego real estate in Durango, Mexico, subject to a 2% NSR. San Diego’s real estate is located in the prolific Verardinha mining district, with several mines producing silver, zinc, lead and gold over the past century. For more information on San Diego properties, please visit our website at www.goldentag.ca.

For more information, please contact:

Greg McKenzie, President and Chief Executive Officer
Ph: 416-504-2024
greg.mckenzie@goldentag.ca
www.goldentag.ca

Precautions:

Neither TSXV nor its regulatory service provider (the term is defined in TSXV’s policy) is responsible for the validity or accuracy of this news release. The specific statements in this news release are positive and carry a lot of risk and uncertainty. Such forward-looking statements are within the meaning of the phrase “Forecast Information” in the Canadian Securities Manager’s National Document 51-102 – Continuous Disclosure Obligation. Forward-looking statements do not consist of historical facts. Forward-looking statements include estimates and statements that describe our future plans, objectives, or goals, including words to the effect that we or management expect the stated conditions or results to occur. increase. Forward-looking statements include “believe,” “expect,” “expect,” “estimate,” “may,” “can,” “do,” “do,” and “plan.” Can be identified by term. Forward-looking statements are hypothetical and, by their nature, carry inherent risks and uncertainties in dealing with future events and circumstances. While these statements are based on information currently available to us, we do not guarantee that actual results will meet management expectations. Risks, uncertainties, and other factors associated with forward-looking information represent or imply real events, results, performance, prospects, and opportunities. It can be very different. Information about the future outlook for this news release includes information about the expected completion of the upsize offering, the amount expected to be raised in the upsize offering, the use of revenue, and our San Diego progress. However, it is not limited to these. plan. Factors that may cause actual results to differ materially from such forward-looking information include, but are not limited to: COVID-19 is about commodity prices, capital market conditions, workforce restrictions, international travel and supply chains. Specific failure of mineral resources; unable to convert estimated mineral resources into reserves. Failure to complete a feasibility study that recommends production decisions. Preliminary nature of metallurgical test results; delay or failure to obtain approval for required government, environment, or other projects. Political risk; Stock market changes; Uncertainty regarding availability and cost of future funding. The inability of the company to budget and manage its liquidity in the light of additional funding failures. Inflation; Exchange rate changes. Fluctuations in product prices; delays in project development. Capital, operational and landfill costs differ significantly from estimates and other risks associated with the exploration and development industry. These risks are documented in our published documentation filed with SEDAR. We believe that the assumptions and factors used in the preparation of information regarding the future outlook for this news release are reasonable, but are excessive for such information that applies only as of the date of this news release. You shouldn’t trust and can’t guarantee. It is assumed that such an event will not occur within the disclosed time frame or at all. We disclaim any intention or obligation to update or revise future outlook information as a result of new information, future events, etc., except as required by law. The Stock Exchange, Securities and Exchange Surveillance Commission, or other regulatory agencies have not endorsed or dismissed the information contained herein.


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Golden Tag has announced an upsize of the previously announced non-mediated private placement, Canadian Business Journal.

Source link Golden Tag has announced an upsize of the previously announced non-mediated private placement, Canadian Business Journal.

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