Angus Gold Announces $2.5 Million Brokered Private Placement
Summary
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATESTORONTO, June 6, 2024 ANGUS GOLD INC. (TSX-V: GUS | OTC:ANGVF) (Angus or the Company), is pleased to announce it has entered into an agreement with Beacon Securities Limited (Beacon) to act as sole lead agent and bookrunner, on behalf of a syndicate of agents (together with Beacon, the Agents), in connection with a private placement offering of 3,125,000 flow-through units (the FT Units) at a price of $0.80 per FT Unit (the Issue Price) for gross proceeds to the Company of $2,500,000 or such other amount as agreed, subject to the maximum permitted under Part 5A (the Listed Issuer Financing Exemption) of National Instrument 45-106 Prospectus Exemptions (the Offering). The FT Units issued under Listed Issuer Financing Exemption to Canadian subscribers will not be subject to a hold period in Canada (except to the extent the TSX Venture Exchanges four-month hold period applies to the FT Units issued to certain subscribers, including directors, officers and 10% shareholders of the Company, if any). The Project is immediately adjacent to the Eagle River Mine of Wesdome Gold Mines Ltd.On behalf of Angus Gold Inc.,Neither 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.This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: the ability to anticipate and counteract the of a pandemic on the business of the Company, commodity prices supply chain disruptions, restrictions on labour and workplace attendance and local and international travel, failure to receive requisite approvals in respect of the Offering, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Companys public documents filed on SEDAR+.