Exploits Discovery Corp. (CSE: NFLD | OTCQX: NFLDF) has announced it will conduct a non-brokered private placement of up to 14,814,815 flow-through common shares at a price of C$0.27 per FT share for gross proceeds of up to C$4M. The offering is expected to close during the week of 12 December 2022.
Exploits has stated that the gross proceeds received by the company from the offering will be used to acquire eligible Canadian exploration expenses that are flow-through mining expenditures related to the company’s mining projects.
All securities issued under the offering will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws. Finder’s fees may be payable in accordance with the policies of the Canadian Securities Exchange. Completion of the offering remains subject to any required regulatory approvals.
Exploits is a Canadian mineral exploration company focused on the acquisition and development of mineral projects in Newfoundland and Labrador, Canada. The company is actively exploring its gold projects in the Exploits Subzone, covering approximately 2,000km2 of mineral tenements. The company’s Exploration 2.0 methodology is focused on discovering high-grade structurally hosted epizonal gold similar to New Found Gold’s success at the Keats and Lotto Zones in the Appleton zone. Exploits is leveraging its local team and geologic understanding to become one of the most extensive explorers in the Exploits Subzone.
To find out more, please visit www.exploitsdiscovery.com
