1911 Gold: Press Releases
Summary
Each Tranche 2 CEE Unit will consist of one common share to be issued as a flow-through share with respect to Canadian exploration expenses (within the meaning of Tax Act) that qualify as flow through mining expenditures and that are incurred in the province of Manitoba and qualify for the 30% provincial Manitoba Mineral Exploration Tax Credit and one-half Warrant. Each Compensation Option is exercisable to acquire one common share of the Company at a price equal to the Non-FT Issue Price for a period of 24 months from the closing date of the Offering, except Compensation Options issued with respect to presidents list purchasers, with such Compensation Options to be exercisable for a period of nine months from the closing date of the Offering.The Offered Units have not been registered and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. 1911 Gold believes its land package is a prime exploration opportunity, with the potential to develop a mining district centred on the True North complex. 1911 Gold looks forward to maintaining open, cooperative, and respectful communications with all of our local communities and stakeholders to foster mutually beneficial working relationships.ON BEHALF OF THE BOARD OF DIRECTORSFor further information, please contact:This news release may contain forward-looking statements. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements.Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements.