Deer Horn Announces 1st Tranche Closing of Private Placement
16 November 2018 - 10:30AM
Deer Horn Capital Inc. (CSE: DHC) (the
“
Company” or
“Deer Horn”)
announces that it has now completed a 1st tranche closing of its
previously announced private placement and has issued a total of
400,000 units for aggregate gross proceeds of $80,000. Each
unit is comprised of one common share and one common share purchase
warrant. Each whole warrant is exercisable into one common at
a price of $0.25/share for a period of one year.
About Deer Horn
Deer Horn is exploring and developing the Deer
Horn Property, a rich gold and silver project with high tellurium
grades. The Deer Horn Property, located in north-central
British Columbia, has produced positive economics in a Preliminary
Economic Analysis and, to our knowledge, hosts Canada’s only NI
43-101 tellurium resource.
On behalf of the board of directors ofDeer Horn
Capital Inc.
"Tyrone
Docherty"
Tyrone DochertyPresident and CEO
For further information please contact:
Primary
Contact |
Tyrone Docherty
President Deer Horn Capital Inc. 604 789 5653
tyrone.doccap@dccnet.com |
Neither the Canadian Securities Exchange
nor its regulations services accepts
responsibilityfor the adequacy or accuracy of this
release.
Forward-looking information
All statements included in this press release
that address activities, events or developments that the Company
expects, believes or anticipates will or may occur in the future
are forward-looking statements. These forward-looking
statements involve numerous assumptions made by the Company based
on its experience, perception of historical trends, current
conditions, expected future developments and other factors it
believes are appropriate in the circumstances. These assumptions
include, but are not limited to: future costs and expenses being
based on historical costs and expenses, adjusted for inflation; and
market demand for, and market acceptance of, the offering. In
addition, these statements involve substantial known and unknown
risks and uncertainties that contribute to the possibility that the
predictions, forecasts, projections and other forward-looking
statements will prove inaccurate, certain of which are beyond the
Company’s control. Readers should not place undue reliance on
forward-looking statements. Except as required by law, the
Company does not intend to revise or update these forward-looking
statements after the date hereof or revise them to reflect the
occurrence of future unanticipated events.
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