StrikePoint Gold announces $4.68M FT financing

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By CPE News

Vancouver (pcJ News Breifs) – StrikePoint Gold Inc. (TSX-V: SKP; OTCQX: STKXF) has arranged a non-brokered private placement of 12,331,578 flow-through (FT) units at $0.38 per FT unit for gross proceeds of $4,686,000. The financing is expected to close on or before May 2, 2017.

Each FT unit consists of one flow through common share and one half non-flow through share purchase warrant with each full warrant being exercisable at a price of $0.50 for a period of two years from closing.

Porceeds will be used to incur Canadian exploration expenses on the Company’s gold projects located in the Yukon Territory.

StrikePoint Gold Inc. has entered into a definitive agreement with IDM Mining Ltd. to purchase a portfolio of 22 properties located in the Yukon. The properties were previously held by Ryan Gold Corp., who spent over $25 million on exploration between 2010 and 2014.

photo credit: StrikePoint Gold