VANCOUVER, B.C., Feb. 17, 2021 /CNW/ -- St. James Gold
Corp. (TSXV: LORD) (OTCQB: LRDJF) (the "Company")
is pleased to announce that it will conduct a non-brokered private
placement of 590,275 units ("Units") at a price of $1.44 per Unit for gross proceeds of $849,996 (the "Offering"). Each
Unit will be comprised of one common share and one common share
purchase warrant ("Warrant"), with each Warrant entitling the
holder to purchase one additional common share at $2.50 per share for a period of two (2) years
from the date of issue.
All securities issued in connection with the Offering will be
subject to a four–month statutory hold period. The Company may pay
a finder's fee may in cash and or share purchase warrants in
accordance with the rules of the TSX Venture Exchange.
The proceeds of the Offering will used to conduct exploration
work on the company's Newfoundland
properties, to conduct due diligence on potential acquisitions and
for general corporate purposes.
Completion of the private placement remains subject to the
approval of the TSX Venture Exchange.
About St. James Gold Corp.
St. James Gold Corp. is a publicly traded company listed on the
TSX Venture Exchange under the ticker "LORD". The company is
focused on creating shareholder value through the discovery and
development of economic mineral deposits by acquiring prospective
exploration projects with well delineated geological theories,
integrating all available geological, geochemical and geophysical
datasets, and funding efficient exploration programs. The Company
currently holds an option to acquire a 100% interest in 29 claims
covering 1,791 acres in the Gander gold district in north-central
Newfoundland adjacent to New Found
Gold Corp.'s Queensway North project, and an option to acquire a
100% interest in 28 claims covering 1,730 acres in central
Newfoundland adjacent to Marathon
Gold's Valentine Lake property.
George Drazenovic, CPA, CGA, MBA,
CFA
CEO
St. James Gold Corp.
For further information, please
contact:
George Drazenovic, Chief Executive
Officer
Tel: 1 (800) 278-2152
Email: info@stjamesgold.com
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.
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SOURCE St. James Gold Corp.