Stocks & Investing
Stocks and Investing
Stocks and Investing
Wed, January 4, 2012
Tue, January 3, 2012 Stakeholder Announces the Closing of a $1,119,875 Brokered Private Placement
January 03, 2012 16:40 ET
Stakeholder Announces the Closing of a $1,119,875 Brokered Private Placement
VAL D'OR, QUEBEC--(Marketwire - Jan. 3, 2012) - NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO U.S NEWSWIRE SERVICES
Stakeholder Gold Corp. ("Stakeholder") (TSX VENTURE:SRC) announces the closing of the previously announced brokered private placement with Union Securities Ltd. (the "Agent") acting as agent, for total gross proceeds of $1,119,875 (the "Placement"). Under the terms of this Placement, Stakeholder issued a total of 7,560,000 units (the "Units") at a price of $0.085 per Unit and 5,615,000 flow-through units (the "FT Units") at a price of $0.085 per FT Unit.
Each Unit consists of one common share and one common share purchase warrant (a "Warrant") and each FT Unit consists of one flow-through common share and one-half of one Warrant. Each Warrant will entitle the holder to acquire, upon exercise, one common share at a price of $0.20 per share for a period of 18 months from the closing date of the Placement.
Stakeholder paid the Agent a cash commission of $64,430 and issued a total of 947,500 non-transferable agent's options (the "Agent's Options"). Each Agent's Option entitles the holder thereof the right to purchase one Unit of Stakeholder (the "Agent's Unit") at a price of $0.085 per Agent's Unit. Each Agent's Unit is comprised of one common share and one warrant having the same terms and conditions as the warrants included in the Units and FT Units.
The securities issued under this Placement will be subject to a four-month hold period expiring on April 30, 2012. A Director of Stakeholder participated in the Placement for total proceeds of $25,075.
The proceeds from the Placement will be used by Stakeholder for general working capital and to conduct exploration work on its properties.
This press release is not an offer or a solicitation of an offer of securities for sale in the United States. Stakeholder's securities will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or applicable state securities laws, and may not be offered or sold in the United States or to "U.S. persons", as such term is defined in Regulation S promulgated under the U.S. Securities Act, absent registration or an applicable exemption from such registration requirements.
The common shares of Stakeholder Gold Corp. are listed on the TSX Venture Exchange under the symbol "SRC".
Shares Issued 40,871,641
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
