| Masuparia Amends Private Placement Financing Terms | |
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NR: 15-05
Masuparia Gold Corporation (TSX.V: MAS) ('Masuparia' or the 'Company') announces that further to its news release of Oct. 14, 2015, it has amended the terms of the non-brokered private placement financing to raise up to $400,000, subject to regulatory acceptance, and will now offer the Flow Through Units ('FT Units') at $0.06/unit and the Non-Flow Through Units ('NFT Units') at $0.05/unit.
Each FT Unit will comprise one common share at a price of $0.06 CDN per share and one full NFT warrant exercisable for 5 years at $0.07 CDN. Each NFT unit will comprise one common share at a price of $0.05 CDN per share and one full warrant exercisable for 5 years at $0.07 CDN. Shares issued under this financing will be subject to a hold period of 4 months and one day from the closing date of the offering. Finders' fees may be payable to qualified agents on a portion of the funds raised in accordance with Exchange regulations.
Funds from this financing will be used to continue studies regarding the potential for advancing the Greywacke North deposit. Funds will also be used towards general working capital.
About Masuparia Gold
Masuparia Gold Corporation is a Canadian mineral exploration company focused on exploration projects in Saskatchewan. Masuparia currently is the Operator of a joint venture (LRSGJV) in the La Ronge Gold Belt of Saskatchewan with Golden Band Resources on three properties: Greywacke Lake, North Lake and Preview Lake. The Company believes the Greywacke Lake gold project to be an excellent regional exploration opportunity within the large 5,786 hectare project area. The Greywacke North deposit is at an advanced stage with several known high-grade gold-bearing zones and a NI 43-101 compliant Indicated Mineral Resource of 252,299 tonnes at 9.92 g/t Au plus an Inferred Mineral Resource of 58,456 tonnes at 7.42 g/t Au (at a cut-off of 5 g/t Au) (Masuparia news release June 29, 2015).
On Behalf of the Board of Directors of
Masuparia Gold Corporation
Ronald K. Netolitzky
President & CEO
Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
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Masuparia Gold Corp
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EXPLORATION STAGE |
CODE : MAS.V |
ISIN : CA5764593094 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Masuparia Gold is a gold exploration company based in Canada. Masuparia Gold holds various exploration projects in Canada and in Mexico. Its main exploration properties are GREYWACKE, UNGAVA, DICKENS LAKE and MASUPARIA PROJECT in Canada. Masuparia Gold is listed in Canada and in United States of America. Its market capitalisation is CA$ 478 566 as of today (US$ 382 638, € 335 191). Its stock quote reached its highest recent level on September 20, 1996 at CA$ 2.40, and its lowest recent point on August 31, 2023 at CA$ 0.01. Masuparia Gold has 31 904 373 shares outstanding. |