GOLD STRATEGY ANNOUNCES $2.4M STRATEGIC INVESTMENT
/NOT FOR DISTRIBUTION TO
It is expected that the net proceeds from the Investment will be primarily used to facilitate the sourcing, reviewing and evaluating future potential business opportunities or acquisitions as well as to bolster its general working capital purposes.
Any Common Shares to be issued under the Investment will be subject to a hold period of four months and a day from the closing date of the Investment in accordance with applicable Canadian securities laws and such other further restrictions as may apply under foreign securities laws.
The securities offered have not been registered under the
InstaFin is a "related party" of the Company pursuant to Multilateral Instrument 61-101 – Take Over Bids and Special Transactions ("MI 61-101"). Accordingly, the Investment will constitute a "related party transaction" within the meaning of MI 61-101. Pursuant to the Investment, InstaFin will acquire an aggregate of 1,724,285 Common Shares for aggregate cash consideration of
Neither the
FORWARD-LOOKING INFORAMATION
This news release contains certain "forward-looking information" and "forward-looking statements" within the meaning of Canadian securities legislation as may be amended from time to time, including, without limitation, statements regarding the completion of the Investment, the quantum of securities sold, and timing thereof and satisfaction of any obligations thereunder and the use of proceeds of the Investment. Forward-looking statements are statements that are not historical facts which address events, results, outcomes or developments that the Company expects to occur. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made, and they involve a number of risks and uncertainties. Certain material assumptions regarding such forward-looking statements were made, including without limitation, that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained, including applicable concession renewals and permitting; that political and legal developments will be consistent with current expectations; that currency and exchange rates will be consistent with current levels; and that there will be no significant disruptions affecting the Company. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements involve significant known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to risks associated with executing the Company's objectives and strategies, including costs and expenses, as well as those risk factors discussed in the Company's most recently filed management's discussion and analysis, available on www.sedarplus.com. Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change.
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