Halcones Precious Metals - News
Summary
Securities issued under the Offering are expected to carry a holder period of 4 months and one day from the date of issue as may be required under applicable securities laws.The Company plans to use the aggregate net proceeds of the Offering to identify and evaluate mineral properties for potential acquisition as well as general corporate working capital purposes.In connection with the Offering, Halcones paid finders fees of $38,500 in cash and issued 770,000 non-transferable finders warrants (the Finders Warrants). Each Finders Warrant entitles the holder thereof to acquire one Common Share at a price of $0.05 for a period of 36 months following the completion of the Offering. The Insider Participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.Halcones Precious Metals Corp. is focused on exploring for and developing gold-silver projects in the Maricunga Belt, Chile, the premiere gold mining district in South America. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.