Antler Gold Announces $500,000 Private Placement Financing
Halifax, Nova Scotia – (Newsfile Corp. – November 14, 2023) – Antler Gold Inc. (TSXV: ANTL) (“Antler” or the “Company”) is pleased to announce that it plans to complete a private placement financing for gross proceeds of up to $500,000 (the “Financing“) by the sale of up to 10,000,000 units of Antler (each, a “Unit“) at $0.05 per Unit. Each Unit will consist of one common share of Antler (a “Common Share“) and one common share purchase warrant (a “Warrant“). Each Warrant will be exercisable to purchase one Common Share at a price of $0.10 per share for a period of 36 months from the closing date of the Financing (the “Closing Date“).
To facilitate the Financing, Antler has entered into an agreement with Numus Capital Corp., a registered Exempt Market Dealer, to act as agent for the Financing (the “Agent”). Antler has agreed to pay to the Agent a cash commission equal to 7.5% of proceeds raised from investors introduced by the Agent, except on subscriptions received from directors, officers, and employees of Antler and to issue compensation warrants entitling the Agent to purchase that number of Common Shares as is equal to 7.5% of the Units sold to investors introduced by the Agent, except on subscriptions received from directors, officers, and employees of Antler. Each compensation warrant will be exercisable into one Common Share of Antler at $0.10 per share for a period of 36 months from the Closing Date.
