November 16, 2020, Vancouver, B.C., Further to its news release dated November 9, 2020, StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) is pleased to announce that it has closed its previously announced non-brokered private placement of 4,761,906 flow through units (each an “FT Unit”) raising gross proceeds of $1,000,000 at a price of $0.21 per FT Unit (the “Placement”). Each FT Unit will comprise one flow through common share and one warrant (a “Warrant”) with each Warrant entitling the holder to acquire one additional common share of the Company at an exercise price of $0.25 per share for a period of two years.
The Company paid $60,000 and issued 285,714 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 on its existing mineral property portfolio and general working capital.
The securities issued in connection with this private placement are subject to a hold period expiring on March 14, 2021.
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