Advance Gold Corp. ("Advance Gold" or "the Company") announces that it will conduct a non-brokered private placement of 7,000,000 common shares in the capital of the Company at a price per share of $0.06 for gross proceeds of $420,000.
Finder's fees in amounts to be determined may be paid to parties who introduce the Company to subscribers.
In accordance with applicable securities legislation, the common shares to be issued will be subject to a hold period of four months and one day from the date of issuance of the securities. The proceeds of the private placement will be used by the Company for general corporate purposes.
Advance Gold also announces that the non-brokered private placement offering previously announced November 22, 2016, is not proceeding.
For further information, please contact:
Jim Gillis, Chair of the Board
Advance Gold Corp.
432 Royal Avenue
Kamloops, BC V2B 3P7
This news release contains certain statements that may be deemed "forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors should change, except as required by law.
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