- MLK Gold (MLK) has made an arrangement for a non-brokered private placement to raise up to $1,000,000
- The offering involves three components, the first of which is the sale of up to 10,000,000 units at a price of $0.05 per unit for each non-flow-through unit
- The second and third components involve the sale of up to 7,142,857 flow-through units and critical metals flow-through units at a price of $0.07 per FT unit or CFT unit, as the case may be
- Each unit will consist of one common share and one share purchase warrant
- MLK Gold Ltd. is a Canadian-based exploration company offering exposure to gold and the strategic metal representing a unique mix of discovery and resource development potential
- MLK Gold Ltd. opened trading at $0.055 per share
MLK Gold (MLK) has made an arrangement for a non-brokered private placement to raise up to $1,000,000.
The offering involves three components.
The first component is the sale of up to 10,000,000 units at a price of $0.05 per unit for each non-flow-through unit.
The second and third components involve the sale of up to 7,142,857 flow-through units and critical metals flow-through units at a price of $0.07 per FT unit or CFT unit, as the case may be, for aggregate gross proceeds of $1,000,000.
Each unit will consist of one common share and one share purchase warrant.
Each warrant will entitle the holder to purchase a further non-flow-through common share at a price of $0.10 per share for a period of 12 months.
Each FT unit will consist of one flow-through share and one warrant. Each CFT unit will consist of one critical metals flow through share and one warrant.
The company may pay finder’s fees at 6 per cent on all or a portion of the offering subject to the policies of the CSE.
The company plans to use the proceeds of the placement for exploration on its mineral properties in Atlantic Canada with emphasis on the Lithium 360 Property in Newfoundland.
In addition, the company will direct a portion of the cash proceeds raised from the sale of non-flow-through units toward general working capital.
MLK Gold Ltd. is a Canadian-based exploration company offering exposure to gold and the strategic metal representing a unique mix of discovery and resource development potential.
MLK Gold Ltd. opened trading at $0.055 per share.
