Exploits Closes First Tranche of Non-Brokered Private Placement of Flow-Through Shares – Exploits Discovery
Summary
Toronto, Ontario(Newsfile Corp. November 8, 2023) Exploits Discovery Corp. (CSE: NFLD) (OTCQX: NFLDF) (FSE: 634) (Exploits or the Company) is pleased to announce that it has completed the first tranche of a non-brokered private placement (the Offering) for gross proceeds of $1,799,996.In connection with closing of the first tranche, the Company issued 16,363,600 flow-through common shares (each, an FT Share) at a price of $0.11 per FT Share. The gross proceeds received by the Company from the Offering will be used to incur eligible Canadian exploration expenses (CEE) that are flow-through mining expenditures (as such term is defined in the Income Tax Act (Canada)) related to the Companys mining projects.The Company paid finders fees in the amount of $107,999.76 to eligible finders who assisted in introducing subscribers to the first tranche of the Offering. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.Exploits is a Canadian mineral exploration company focused on the acquisition and development of mineral projects in Newfoundland and Labrador, Canada. The Company is focused on discovering high-grade structurally hosted epizonal gold similar to New Found Golds success along the Appleton Fault zone and parallel structures within the Exploits Subzone.Exploits is utilizing its experienced, talented local team and geologic understanding with the vision to become one of the most successful explorers in Canada.On Behalf of the BoardFor more information, please contact:Neither the Canadian Securities Exchange nor its Regulation Service Provider (as the term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of this news release.This news release contains certain forward-looking statements, which relate to future events or future performance and reflect managements current expectations and assumptions. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.Exploits Discovery would like to acknowledge the financial support of the Junior Exploration Assistance Program from the Department of Natural Resources, Government of Newfoundland and Labrador.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/186714