Waseco Resources Closes Private Placement
05 Julio 2019 - 7:30AM
Waseco Resources Inc. ("WRI"-V) - Waseco is
pleased to announce the closing of its up to 10 million
non-brokered unit private placement, originally announced on April
23rd, 2019 (the “Offering”), with the placement of 1,410,000 units
for proceeds of $70,500.
The Offering was of units at a price of $0.05
per unit, consisting of up to 10,000,000 common shares (the “Common
Shares”) and 10,000,000 one half (1/2) share purchase warrants (the
“Warrants”). Two (2) Warrants will entitle the holder
to purchase one common share of the Company at a price of $0.075
per share at any time prior to 12 months from the date of the
closing of the Offering. The securities are being issued
subject to a hold period expiring on November 6th, 2019.
The proceeds received from the Offering will be
used to carry out exploration on the Company’s Battle Mountain
Ridge Project in Nevada and for general working capital
purposes.
Waseco is an exploration company focused on
exploring for gold in Nevada. The Company is listed on the
TSX Venture Exchange and the Frankfurt Stock Exchange. There
are currently approximately 42 Million shares issued and
outstanding.
For further information on the Company, please
visit the Waseco web site at www.wasecoresources.com or contact
Richard Williams at (416) 364-3123- e-mail:
rickw@wasecoresources.com.
On Behalf of the Board of Directors
Richard Williams
President & C.E.O.
Neither the TSX Venture Exchange nor its
regulatory service providers (as that term is defined in the
policies of the TSX Venture Exchange accepts responsibility of the
accuracy or adequacy of this release.
We seek safe harbour
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