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Message: Golden Tag Resources Announces $1,500,000 Financing

Golden Tag Resources Announces $1,500,000 Financing & Strengthens Board of Directors


Published: Sept 11, 2019 8:41 a.m. ET


MONTREAL, Sep 11, 2019 (GLOBE NEWSWIRE via COMTEX) -- Golden Tag Resources Ltd. (tsx.v:GOG) (the "Company") is pleased to announce a private placement for an aggregate of $1,500,000 comprised of 30,000,000 units (the "Units") at a price of $0.05 per Unit. Each Unit consists of one common share (the "Shares") and one-half share purchase warrant (the "Warrants"). Each whole Warrant will entitle the holder to purchase one additional Share at a price of $0.07 for a period of 24 months from the date of issue of the Warrants. 

The Company also announces the appointment of Mr. Chad Williams as a director and Chairman of the Board. Mr. Williams is the Chairman and founder of Red Cloud Klondike Strike. He has extensive experience in mining finance and management having previously held the position of CEO of Victoria Gold Corp., Head of Mining Investment Banking at Blackmont Capital Inc., and a highly ranked mining analyst at TD Bank and other Canadian brokerage firms. Mr. Williams holds both a P.Eng in Mining and an MBA from McGill University.

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