EGR Exploration Announces $750,000 Non-Brokered Private Placement
Summary
If the Qualifying Expenditures are reduced by the Canada Revenue Agency, the Company will indemnify each Flow-Through Shares subscriber for any additional taxes payable by such subscriber as a result of the Companys failure to renounce the Qualifying Expenditures.The proceeds from the sale of Flow-Through Shares will be used to fund this winters Reverse Circulation (RC) drill program on the Detour West property. The planned RC holes are permitted to drill three fences bordering Agnico Eagles Detour Lake Mine property. In addition to the exploration, proceeds from the Units private placement will be used for corporate working capital.Daniel Rodriguez CEO & Director, commented: "This is the financing that will put drills on the ground at Detour West. The use of any of the words "anticipate", "plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict", "potential" and similar expressions are intended to identify forward-looking statements. Since forward-looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties.