KEY INVESTMENT POINTS
The company has gold production :
2017 (esitimated) 25,000 oz Au (gold) @ $800 cash cost per oz
2018 (estimated) 60,000 oz Au @ $725 cash cost per oz
The company mining assets
Mine in production at 2,000 tonnes per day mill
WORLD CLASS EXPLORATION UPSIDE
#1 project has aM+I Resource average grade of 12.5 g/t Au. Multiple vein system with 15Km
strike length. Historic production estimate of 5M oz Au plus 20M oz Ag.
#2 project has a copper-gold belt 90KM in length and host to at least five (5) multi
million oz Au targets.
#3 project as a M+I Resource average grade of 13.7 g/t Au.
Note: 43-101 resources total of 5,900,000 ounces of Au
The shares are at a price of $0.30 per unit
Each Unit consists of one common share of the Company (each, a "Common Share"), and one-half common share purchase warrant (a "Warrant").
Each whole warrant will be exercisable into one Common Share at a price of $0.45 per share for a period of two years from closing of the Offering.
The Warrants are subject to an accelerator clause whereby should the Company stock price trade over $0.60 per share for ten consecutive trading days, the Company will have the right to accelerate the expiry of the Warrants by giving notice to the holders of the Warrants by news release that the Warrants will expire on the date that is not less than 30 days from the date notice is given.
Use of Proceeds
The use of proceeds will primarily be used to advance the Company’s mining projects and for general working capital.
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