Stakeholder Closes Private Placement
| FOR IMMEDIATE RELEASE 28th December 2023 Symbol: SRC Stakeholder Cl Stakeholder Gold Corp. (“Stakeholder” or th the closing of a non-brokered private place proceeds of $1,400,000 CAD through the iss consists of one common share (“Common half of one common share purchase warrant to purchase one additional Common Share the Private Placement. Each whole Warrant has an early exercise p of the Warrant when the 10-day average p Exchange exceeds $3.00 per share. Thirty Warrants will be deemed to be null and voi will be subject to a hold period expiring fou Proceeds will be used for exploration on the Gold District located in the Yukon Territor stone quartzite business in Minas Gerais, Br | Share oses Private Placement |
| e “Company”) (TSX-V: S ment financing (“Private uance of 1,400,000 Units a Share”) priced at $1.00 pe (“Warrant”). Each whole at $1.50 for a period of tw rovision that allows the C rice of Common Shares tr days (30) after the trig d. All securities issued un r months and one day from Company’s Ballarat Explo y, Canada and for develop azil. |
TSX Venture Exchange Shares Outstanding: 14,666,412
One Officer of the Company (the “insider”) has invested in this Private Placement subscribing for in aggregate 45,000 Units, or gross proceeds of $45,000 CAD. The participation of insiders in the Private Placement constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61- 101”) and the policies of the TSX. The Company is relying on 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 participation by insiders will not exceed 25% of the fair market value of the Company’s market capitalization. The Company did not file a material change report at least 21 days prior to the completion of the Private Placement because the existence of any placement or insiders’ participation therein had not been determined at that time.
This Private Placement does not result in any new insiders or control persons of the Company, and closing is subject to final approval by the TSX Venture Exchange.
For further information please contact:
Stakeholder Gold Corporation 416 525 - 6869
Forward-Looking Information
This news release contains forward-looking information. All information, other than information of historical fact, constitute “forward-looking statements” and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation’s strategy, plans or future financial or operating performance.