3d rendered illustration of gold bars, close up

Reliant Gold Corp is pleased to announce that it intends to complete a proposed non-brokered private placement (the “Unit Offering“) of up to 1,000,000 Units (the “Units“) of the Corporation at a price of $0.05 per Unit for up to $50,000 in gross proceeds. The net proceeds of the Unit Offering will be used for working capital purposes.

 

Each Unit consists of (i) one common share of the Corporation and (ii) one common share purchase warrant (a “Warrant“). Each Warrant will entitle the holder thereof to purchase one common share of the Corporation (“a Warrant Share“) at a price of $0.05 per common share for a period of 5 years from the closing date of the Unit Offering.

 

In connection with the Unit Offering, the Corporation may pay finder’s fees in cash or securities or a combination of both, as permitted by the policies of the TSX Venture Exchange. Reliant Gold has previously disclosed all material information relating to the Corporation.

 

It is anticipated that the Unit Offering will close no later than September 29, 2017, or such later date as may be determined by the Corporation.

 

The Unit Offering is subject to regulatory approval, including approval of the TSX Venture Exchange. All securities to be issued pursuant to the above-referenced Unit Offering will be subject to a statutory four month hold period, such period to commence on the date of closing of the Unit Offering.

This press release is not an offer to sell or a solicitation of an offer to buy the securities, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The Units being sold pursuant to the offering have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the United States Securities Act of 1933, as amended.