MTU Manitou Gold Inc

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. 

Manitou Gold Inc. (TSX VENTURE:MTU) ("Manitou" or the "Company") is pleased to
announce that it has completed a non-brokered private placement (the "Offering")
with Robert McEwen ("Subscriber"), pursuant to which the Subscriber purchased
4,000,000 "flow through" units of Manitou ("Units") at a price of $0.15 per Unit
for aggregate gross proceeds to Manitou of $600,000. Each Unit consists of one
"flow through" common share of Manitou and one common share purchase warrant
(each, a "Warrant"). Each Warrant entitles the holder thereof to acquire one
additional common share of Manitou (which shall not be a "flow through share")
at an exercise price of $0.25 per share for a period of 24 months, provided that
if, at any time after January 18, 2013, the closing price of the common shares
of Manitou on the TSX Venture Exchange or such other stock exchange where the
majority of voting occurs, exceeds $0.40 for more than 20 consecutive trading
days, Manitou may accelerate the expiry date of the Warrants, in which event the
Warrants will expire upon the date (the "Accelerated Expiry Date") which is 30
days following the provision of written notice by Manitou advising holders of
the Accelerated Expiry Date. 


All of the securities issued and issuable in connection with the Offering are
subject to a statutory hold period expiring January 19, 2013. The Offering
remains subject to the final approval of the TSX Venture Exchange. 


Statements in this release that are forward-looking statements are subject to
various risks and uncertainties, certain of which are beyond the control of the
Company including, but not limited to, the impact of general economic
conditions, industry conditions, volatility of commodity prices, risks
associated with the uncertainty of exploration results and estimates and that
the resource potential will be achieved on exploration projects, currency
fluctuations, dependence upon regulatory approvals, the uncertainty of obtaining
additional financing and exploration risk. Readers should also refer to the
specific factors disclosed under the heading "Risk Factors" in the Company's
filings with Canadian securities regulators. Such information contained herein
represents management's best judgment as of the date hereof based on information
currently available. The Company does not assume any obligation to update any
forward-looking statements, save and except as may be required by applicable
securities laws.

Manitou Gold (TSXV:MTU)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

Manitou Gold (TSXV:MTU)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024