(TheNewswire)
VICTORIA, CANADA – June 12, 2024:Cosigo Resources Ltd. (“Cosigo” or the “Company”) (TSXV:NEX.CSG.h). The Company wishes to announce aprivate placement of up to CAD$600,000. The financing will consistof units priced at CAD$0.06 with a full warrant priced at CAD$0.12. Each warrant will entitle the holder to purchase an additionalcommon share at a price of CAD$0.12 for a period of 60 months from thedate of closing of the private placement.
This private placement is being offered on anon-brokered basis and the Units will be subject to a statutory holdperiod of four months and a day from the closing date of the Offering.The Company may pay a finder’s fee on a portion of the grossproceeds of the private placement. The Offering remains subject toregulatory approval.
The Company intends to use the net proceeds of theOffering to conduct prospecting, mapping and sampling on theCompany’s Taraira property, the Willow Creek Nevada property and forgeneral working capital.
Concurrent with the financing, the Corporation ismaking application to the TSXV for reactivation and graduation back to Tier 2 of the TSXVas a mining issuer, the completion of which remains subject to TSXVapproval.
About CosigoResources
Cosigo Resources Ltd. is a junior exploration companytrading on the TSX Venture’s NEX Exchange (symbol CSG.h). TheCompany is focused on exploring and developing the gold potential ofits properties in the Taraira District in south-east Colombia near theborder of Brazil. The Company also holds a 100% interest in the WillowCreek property, located in the northern sierras of Nevada nearWinnemucca, a 100% interest in the Damian property in the Cordilleraregion of Colombia, and owns 13.26% of DHK Diamonds Inc. a companyexploring for diamonds in the DO27 region of the NorthWest Territoriesof Canada.
To find out more about Cosigo Resources visit ourwebsite at www.cosigo.com .
FOR MORE INFORMATIONCONTACT:
Cosigo Resources Ltd.
Andy Rendle
President & COO
Andy@Cosigo.com
Cautionary and Forward-LookingStatements
This news release containsforward ? looking statements and forward ? looking information within the meaning of applicable securitieslaws. These statements relate to future events or future performance.All statements other than statements of historical fact may beforward ? looking statements or information.Forward ? looking statements and information areoften, but not always, identified by the use of words such as“appear”, “seek”, “anticipate”, “plan”,“continue”, “estimate”, “approximate”, “expect”,“may”, “will”, “project”, “predict”, “potential”,“targeting”, “intend”, “could”, “might”, “should”,“believe”, “would” and similar expressions.
Forward-looking statements andinformation are provided for the purpose of providing informationabout the current expectations and plans of management of the Companyrelating to the future. Readers are cautioned that reliance on suchstatements and information may not be appropriate for other purposes,such as making investment decisions. Since forward ? looking statements and information address future events andconditions, by their very nature they involve inherent risks anduncertainties. Actual results could differ materially from thosecurrently anticipated due to a number of factors and risks. Theseinclude, but are not limited to, the expected timing and terms of theprivate placement, use of proceeds, anticipated work program, requiredapprovals in connection with the work program and the ability toobtain such approvals. Accordingly, readers should not place unduereliance on the forward ? looking statements,timelines and information contained in this news release. Readers arecautioned that the foregoing list of factors is not exhaustive.
The forward ? looking statements and information contained in this news releaseare made as of the date of this news release and no undertaking isgiven to update publicly or revise any forward ? looking statements or information, whether as a result of newinformation, future events or otherwise, unless so required byapplicable securities laws or the TSXV. The forward-looking statementsor information contained in this news release are expressly qualifiedby this cautionary statement.
Neither the TSXV nor its RegulationServices Provider (as that term is defined in the policies of the CSE)accepts responsibility for the adequacy or accuracy of this release.No stock exchange, securities commission or other regulatory authorityhas approved or disapproved the information contained herein.
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