Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Investing

Pinnacle Closes Non-Brokered Private Placement

by admin May 30, 2024
May 30, 2024
Pinnacle Closes Non-Brokered Private Placement

(TheNewswire)

Finder’s fees of 6% in cash and 6% in warrants exercisable into Shares at $0.05 for a period of 24 months have also been paid as to $7,650 and 255,000 warrants.  The names of the Finders receiving fees are Canaccord Genuity Corp., Research Capital Corporation, CM-Equity AG and MB and Partner.

Net proceeds raised from the Offering will be used for the preparation of summer drilling at the Argosy Gold Mine and North Birch Project, new project evaluations and general working capital.

All securities to be issued will be subject to a four-month hold period from the date of issuance and subject to TSX Venture Exchange approval.  The securities offered have not been registered under the United States Securities Act of 1933 , as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

Insiders subscribed for an aggregate of 3,033,333 Units for a total of $91,000.  As insiders of Pinnacle participated in the financing, it is deemed to be a ‘related party transaction’ within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (‘MI 61- 101’). Pinnacle is relying on the exemptions from the formal valuation and minority approval requirements contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101, on the basis that the fair market value of the transaction does not exceed 25% of the Company’s market capitalization.  The Company will be filing a material change report in respect of the related party transaction on SEDAR.

About Pinnacle Silver and Gold Corp.

  Pinnacle is currently focused on district-scale exploration for precious metals in the prolific Red Lake District of northwestern Ontario.  The past-producing high-grade Argosy Gold Mine is open to depth, while the adjacent North Birch Project offers additional blue-sky potential. Pinnacle is also actively looking for other district-scale opportunities in the Americas, with a particular focus on silver and gold.  With a seasoned, highly successful management team and quality projects, Pinnacle Silver and Gold is committed to building long term, sustainable value for shareholders.

Signed: ‘Robert A. Archer’

President & CEO

For further information contact :

Email: info@pinnaclesilverandgold.com

Tel.:  +1 (877) 271-5886 ext. 110

Website: www.pinnaclesilverandgold.com

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release .

Copyright (c) 2024 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
BHP and Rio Tinto Join Forces to Test Battery-Electric Haul Trucks in Pilbara Area
next post
NextSource Materials

Related Posts

Basin Expands Geikie Athabasca Uranium Project

April 2, 2025

Perpetua Gets US Forest Service Approval for Stibnite...

January 8, 2025

David Erfle: Cash Position Never Larger, Chaos and...

January 17, 2025

Emyria and UWA in Partnership to Commercialise Novel...

October 31, 2024

Greenland Tanbreez Project Maiden Drill Results

January 25, 2025

Group Eleven Intersects 11.8m of 11.6% Zn+Pb and...

October 22, 2024

Crypto Market Recap: Loopscale Faces US$5.8 Million Hack,...

April 30, 2025

Top 5 Canadian Mining Stocks This Week: Tag...

April 26, 2025

WOA Proprietary Technology Successfully Adapted to Produce Pea...

July 9, 2024

Lithium Universe LtdBecancour Lithium Refinery – Preliminary Feasibility...

September 30, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • How I Find Up-trending Stocks Every Week (Step-by-Step Scan Tutorial)

      June 4, 2025
    • S&P 500 Bullish Patterns: Are Higher Highs Ahead?

      June 4, 2025
    • White House stands by tax bill after Musk calls it a ‘disgusting abomination’

      June 4, 2025
    • South Korea flips left in presidential race; Lee secures victory after conservative opponent concedes

      June 4, 2025
    • Trump and Melania to headline power-player packed Kennedy Center opening night

      June 4, 2025

    Categories

    • Business (964)
    • Investing (2,310)
    • Politics (2,863)
    • Stocks (1,051)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 sportinvestorsleague.com | All Rights Reserved