The Prospector News

StrikePoint Gold Closes $4,512,500 Non-Brokered Flow-Through Private Placement

You have opened a direct link to the current edition PDF

Open PDF Close

Share this news article

StrikePoint Gold Closes $4,512,500 Non-Brokered Flow-Through Private Placement






StrikePoint Gold Inc. (TSX-V: SKP) (OTCQB: STKXF) is pleased to announce it has closed its previously announced non-brokered private placement of 18,050,000 flow-through units at a price of $0.25 per unit for gross proceeds of $4,512,500. Each flow-through unit will comprise one flow through common share and one half of one common share purchase warrant. Each whole warrant will entitle the holder to acquire an additional common share of the Company at an exercise price of $0.35 per share for a period of 18 months.


StrikePoint Gold’s CEO Shawn Khunkhun said, “We are well-positioned as the top explorer in the Golden Triangle with a record treasury exceeding $10 million and having commenced exploration at both our high-grade Porter silver and Willoughby gold-silver Projects, located east of the mining town of Stewart, BC. Over 8,000 meters of drilling will be completed using two drill rigs, stepping out from previous high-grade intercepts or stopes as well as testing multiple new exploration targets.”


The company paid $243,000 and issued 972,000 finder’s warrants in connection with the private placement. The finder’s warrants are issued on the same terms as the warrants.


The proceeds of the Placement will be utilized to fund the Company’s exploration activities at both the Porter and Willoughby properties located in the Golden Triangle of Northwest, B.C.


The securities issued in connection with this private placement are subject to a hold period expiring on October 31, 2021.


For further information, follow us on twitter @StrikepointGold and visit our website:


Qualified Person


The Qualified Person for this news release for National Instrument 43-101 is Marilyne Lacasse, P. Geo, technical Consultant. She has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.


About StrikePoint


StrikePoint Gold is an exploration company focused on building high-grade precious metals resources in Canada. The company controls two advanced stage exploration assets in BC’s Golden Triangle. The past-producing high-grade silver Porter Project and the high-grade gold property Willoughby, adjacent to Red Mountain deposit. The company also owns a portfolio of gold properties in the Yukon.


Posted July 2, 2021

Share this news article


American Manganese Inc. Receives DTC Eligibility

American Manganese Inc. (TSX-V: AMY) (OTCQB: AMYZF) (FSE: 2AM) a... READ MORE

July 23, 2021

Monarch Mining Corporation Announces a $11.25 Million Transaction With Gold Royalty Corp.

Transaction aimed at strengthening Monarch’s balance sheet in p... READ MORE

July 23, 2021

Treasury Metals Announces Additional Results at Goldlund Including 5.48 g/t Au over 25.9m and 2.94 g/t Au over 26.0m

Highlights: Results from 13 holes for the Goldlund Project... READ MORE

July 23, 2021

Atico Produces 4.46 Million Pounds of Cu and 2,732 Ounces of Au in Second Quarter 2021 and Provides Corporate Update

Atico Mining Corporation (TSX-V: ATY) (OTCQX: ATCMF) announces it... READ MORE

July 23, 2021

Viscount Mining Finds Widespread Silver Mineralization over 170 meters per hole on Multiple Drill Holes at the Passiflora in Silver Cliff Colorado

Viscount Mining Corp. (TSX-V: VML) (OTCQB: VLMGF) is pleased to a... READ MORE

July 22, 2021

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2021 The Prospector News