Luckystrike Closes Financing
17 December 2019 - 11:45PM
Luckystrike Resources Ltd. (LUKY.V) (the “Company”
or “Luckystrike”) is pleased to announce that, subject to TSX
Venture Exchange (the “Exchange”) acceptance, it has closed its
financing for gross proceeds of $1,641,989.70.
On receipt of Exchange acceptance the Company
will issue 4,918,299 $0.30 units (the “Units”), each Unit being
comprised of 1 common share and 1 common share purchase warrant,
each warrant entitling the holder to purchase an additional common
share of the Company for $0.60 for a period of 36 months, and
416,250 $0.40 flow-through units (the “FT Units”), each FT Unit
being comprised of 1 flow-through common share and 1 common share
purchase warrant with each full warrant entitling the holder to
purchase an additional non-flow-through common share of the Company
for $0.80 for a period of 12 months.
Subject to Exchange acceptance the Company will
be paying a cash finder’s fee of $56,516.36.
If, at any time four months after the date of
completion of the offering, the company's shares have a closing
price equal to or higher than $1.20 per share for 10 consecutive
trading days on the Exchange (as defined herein), the company shall
thereafter be entitled to give notice to the holders of all $0.60
warrants, by news release, that such warrants will expire at 4:30
p.m. ET on that date which is 30 days after the date of such news
release, unless exercised before the expiry of that period. If, at
any time after four months after the date of completion of the
offering, the company's shares have a closing price equal to or
higher than $1.60 per share for 10 consecutive trading days on the
Exchange(as defined herein), the company shall thereafter be
entitled to give notice to the holders of all $0.80 warrants, by
news release, that such warrants will expire at 4:30 p.m. ET on
that date which is 30 days after the date of such news release,
unless exercised before the expiry of that period.
All securities issued pursuant to the offering
(including shares issued to finders), as well as any shares issued
pursuant to the exercise of warrants, will be subject to a
four-month hold period from the closing date.
ON BEHALF OF THE BOARD
John Newell, President and Chief Executive
Officer
For new information from the Company's programs,
please visit Luckystrike's website at LuckystrikeRes.com or
contact John Newell by telephone at (604) 568-8807 or by email
at info@luckystrikeres.com.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
LUCKYSTRIKE RESOURCES
LTD.1010 -1130 West Pender StreetVancouver,
British ColumbiaCanada, V6E 4A4Telephone: 604 568 8807 Facsimile:
604 681 1864LuckyStrikeRes.com
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