(TheNewswire)
Vancouver, BC – TheNewswire - December 31 , 2020 – AuQ Gold Mining Inc. ( TSXV : AUQ ) PINK (OTC :NSVLF ) (the“Company”) is pleased to announce it has accepttedsubscriptions for an aggregate of 570,000 Flow-Through Shares of the Company at a price of 70 cents per share for aggregate gross proceedsto the Company of$ 385 ,000.
Each flow-through common share shall be issued on a flow-through basis ascontemplated by the Tax Act(Canada).
The Company has agreed to pay acash fee of $18,060 and issue 25,800 warrants exercisable at $0.70until June 21, 2021 and thereafter at $0.90 until December 21, 2021, in accordance with the policies of the TSXVenture Exchange.
The proceeds of the flow-through offering will be usedto conduct resource exploration renouncable for the 2020 taxyear.
Glen Macdonald, CEO of AuQ stated: "t he Board of Directors looks forward toactive exploration effort in 2021 . "
Contact Person: Mr. Glen Macdonald, P.Geo.
Telephone: (604)719-8129
Email: auqgold@gmail.com
ON BEHALF OF THE BOARD
(signed) “Glen Macdonald”
Glen Macdonald Chief Executive Officer and Director
Neither the TSX Venture Exchange nor its Regulation ServicesProvider (as that term is defined in the policies of the TSX VentureExchange) accepts responsibility for the adequacy or accuracy of thisrelease.
This news release may containforward-looking statements that are based on AuQ Gold Mining Inc.'s expectations, estimates and projectionsregarding its business and the economic environment in which itoperates. These statements are not guarantees of future performanceand involve risks and uncertainties that are difficult to control orpredict. Therefore, actual outcomes and results may differ materiallyfrom those expressed in these forward-looking statements and readersshould not place undue reliance on such statements. Statements speakonly as of the date on which they are made, and AuQ Gold Mining Inc. undertakes no obligation to update them publiclyto reflect new information or the occurrence of future events orcircumstances, unless otherwise required to do so by law.
Copyright (c) 2020 TheNewswire - All rights reserved.