Waseco Announces Extension of Non-Brokered Offering
08 June 2019 - 12:36AM
Waseco Resources Inc. (“WRI”-TSX-V) (“Waseco” or
the “Company”) is extending its non- brokered private placement
(the “Offering”), originally announced on April 23, 2019, until
July 5th, 2019.
The Offering is of units at a price of $0.05 per
unit, consisting of up to 10,000,000 common shares (the “Common
Shares”) and 10,000,000 one half (1/2) share purchase warrants (the
“Warrants”). Each of two (2) Warrants will entitle the holder
to purchase one common share of the Company at a price of $0.075
per share at any time prior to 12 months from the date of the
closing of the Offering. At the closing of the Offering,
finder’s fees of 6% of the proceeds may be payable in cash.
The proceeds received from the Offering will be
used to carry out a follow-up drilling program on the Stibnite Gold
Zone, on the Company’s Battle Mountain Ridge Project in Nevada and
for general working capital purposes.
Waseco is an exploration company focused on
exploring for gold in Nevada. The Company is listed on the
TSX Venture Exchange and the Frankfurt Stock Exchange. There
are currently approximately 40 Million shares issued and
outstanding.
For further information on the Company, please
visit the Waseco web site at www.wasecoresources.com or contact
Richard Williams at (416) 364-3123- e-mail:
rickw@wasecoresources.com.
On Behalf of the Board of Directors
Richard Williams
President & C.E.O.
Neither the TSX Venture Exchange nor its
regulatory service providers (as that term is defined in the
policies of the TSX Venture Exchange accepts responsibility of the
accuracy or adequacy of this release.
We seek safe harbor.
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