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Antler Gold - Issuers News - Numus Financial

Antler Gold Announces Private Placement Financing Of Units

Antler Gold Inc. is pleased to announce a non-brokered private placement financing to raise gross proceeds of $800,000 from the sale of 8,000,000 units of the Company priced at $0.10 per Unit.

Each Unit will consist of one common share of Antler and one whole common share purchase warrant. Each Warrant will be exerciable to purchase one common share of Antler at the price of $0.15 per share for a period of two years from the closing date of the Financing. Insiders intend on subscribing for a portion of the Financing to be determined.

Antler intends to use the net proceeds of the Financing to advance exploration work on its Namibian gold projects and the Kesya Rare Earth Project in Zambia as well as for general working capital purposes. Completion of the Financing is subject to the satisfaction of certain conditions, including the approval of the TSX Venture Exchange. All securities issued pursuant to the Financing will be subject to a four-month hold period commencing on the Closing Date.