Original News Release
Independence Gold arranges $750,000 financing
Mr. Randy Turner reports
INDEPENDENCE GOLD ANNOUNCES PRIVATE PLACEMENT FINANCING
Independence Gold Corp. has arranged a non-brokered equity financing comprising flow-through common shares. The flow-through shares will be offered at 10.5 cents for gross proceeds of $750,000 and 7,142,858 shares issued. Subject to compliance with applicable securities laws and the approval of the TSX Venture Exchange, finders' fees and finders' warrants will be payable to eligible arm's-length persons with respect to certain subscriptions.
The proceeds from the flow-through shares will be used by the company to incur eligible Canadian exploration expenditures that will qualify as flow-through mining expenditures as such terms are defined by the Income Tax Act (Canada) related to the 3Ts gold and silver project located in British Columbia. All qualifying expenditures will be renounced in favour of the subscribers of the flow-through shares effective Dec. 31, 2026.
Closing of the offering is subject to receipt of applicable regulatory approvals, including the approval of the TSX-V. The securities issued will be subject to a four-month-and-one-day hold period.
We seek Safe Harbor.
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