Golden Tag Resources Closes $1.5 Million Financing Including Strategic Investment by Eric Sprott
Published: Sept 20, 2019 7:31 a.m. ET
MONTREAL, Sep 20, 2019 (GLOBE NEWSWIRE via COMTEX) -- MONTREAL, Sept. 20, 2019 (GLOBE NEWSWIRE) -- Golden Tag Resources Ltd. (tsx.v:GOG) (the "Company" or "Golden Tag") is pleased to announce that it has closed its private placement offering, issuing 30,000,000 units ()Units") at a price of $0.05 per Unit for gross proceeds of $1,500,000 ()Private Placement"). The largest single investor in the Private Placement is Mr. Eric Sprott, through his company 2176423 Ontario Ltd., which subscribed for 13,000,000 Units. As a result, Mr Sprott is now the single largest beneficial equity securityholder of Golden Tag holding 13.7% of its issued and outstanding common shares ()Shares"). Members of management and the board of directors subscribed for an aggregate of 2,800,000 Units in the Private Placement.