Taku Gold Corp. Completes Over-Subscribed Placement of $1.15 Million
Summary
Each Warrant entitles the holder to purchase one Common Share at an exercise price of $0.15 for a period of two years from the closing date.The proceeds of the Offering will be used to fund exploration expenditures on the Badger, Millertown, and Barrens Lake properties, encompassing 455 square kilometres with road access and proximity to local communities and power lines in the Central Newfoundland Gold Belt, and for general working capital. The company is working with Mr. Ryan to review internal and government till, soil, geology, and airborne geophysical data to develop an exploration program for 2021. The Company holds the Millertown, Badger and Barren Lake projects, which cumulatively cover an area of 455 km\xb2 with road access and proximity to communities and power lines. All projects lie with the Central Newfoundland Gold Belt and provide a large land position in a top mineral exploration jurisdiction. Taku also holds one of the largest land packages, with several prominent projects, within the prolific White Gold and Klondike districts in Canadas Yukon.Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.