(TheNewswire)
October 4, 2023 – TheNewswire - Victoria , Canada – Silver Grail Resources Ltd. (“Silver Grail”) (TSXV: SVG ) (“the Company”) announces that it intends to complete anon-brokered private placement consisting of the issuance of up to3,000,000 units (“Units”) at a price of $0.10 per Unit for grossproceeds of up to $300,000 subject to the approval of the TSX VentureExchange. Each Unit will consist of one common share (“CommonShare”) and a Common Share purchase warrant (“Warrant”). EachWarrant is exercisable into one Common Share at a price of $0.15 for aperiod of two years from closing.
There are no finder’s fees or other commissionsassociated with the transaction. Certain of the Company’s insidersmay participate in the private placement. Theproceeds of the financing will be used to advance the Company’s manyproperties in the Golden Triangle Region of northwestern BritishColumbia as well as its cobalt properties on Vancouver Island and eastof Harrison Lake. A portion of the funds will be directed to generalworking capital.
Respectfully submitted,
"Dino Cremonese, P.Eng."
Dino Cremonese, P. Eng.,
President and Chief ExecutiveOfficer
Silver Grail Resources Ltd
For further information, please visit the Company'swebsite at www.silvergrail.com or contact:
Barry Holmes
Corporate Development and Communications
Tel. 778-430-5680
Email: bholmesmba@gmail.com
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.
CautionaryStatements regarding Forward-Looking information
Certain statementscontained in this press release constitute forward-lookinginformation. These statements relate to future events or futureperformance. The use of any of the words "could","intend", "expect", "believe","will", "projected", "estimated" andsimilar expressions and statements relating to matters that are nothistorical facts are intended to identify forward-looking informationand are based on the Company's current belief or assumptions as to theoutcome and timing of such future events. Actual future results maydiffer materially.
All statementsrelating to future plans, objectives or expectations of the Companyare forward-looking statements that involve various risks anduncertainties. There can be no assurance that such statements willprove to be accurate and actual results and future events could differmaterially from those anticipated in such statements. Importantfactors that could cause actual results to differ materially from theCompany's plans or expectations include risks relating to the actualresults of current exploration activities, fluctuating gold prices,possibility of equipment breakdowns and delays, exploration costoverruns, availability of capital and financing, general economic,market or business conditions, regulatory changes, timeliness ofgovernment or regulatory approvals and other risks detailed herein andfrom time to time in the filings made by the Company with securitiesregulators. The Company expressly disclaims any intention orobligation to update or revise any forward-looking statements whetheras a result of new information, future events or otherwise except asotherwise required by applicable securities legislation.
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