StrikePoint Gold Inc. Announces $5.0 Million Private Placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES.


StrikePoint Gold Inc. (the "Corporation") (TSX VENTURE:SKP) is pleased to
announce that subject to regulatory approval, it has negotiated a brokered
private placement with Dundee Securities Corporation and a syndicate of agents
(the "Agents") for the sale of up to 3,750,000 units (the "Units") and 7,500,000
flow-through common shares (the "Flow-Through Common Shares") at a price of
$0.40 per Unit and $0.47 per Flow-Through Common Share for gross proceeds of up
to $5,025,000 (the "Offering"). Each Unit will be comprised of one common share
and one-half of one transferable common share purchase warrant. Each full
warrant will be exercisable into one common share of the Corporation at an
exercise price of $0.60 for a period of 24 months from the closing date. The
Agents also have the option to sell up to an additional $750,000 of any
combination of Flow-Through Common Shares and Units at the applicable issue
price, exercisable at any time up to 24 hours before the closing date. 


As consideration to the Agents, the Corporation has agreed to pay a commission
of 6.0% of the total proceeds raised upon closing and issue Agents' warrants
("Agents' Warrants") equal to 6.0% of Units and Flow-Through Common Shares
issued pursuant to this Offering. Each Agents' Warrant will be exercisable to
acquire one common share at $0.60 expiring 24 months after the closing date. The
shares issued under this financing will be subject to a four month hold period
from the date of closing of the offering.


The Corporation intends to use the net proceeds for exploration of its mineral
properties. Expenditures from the Flow-Through Common Shares will constitute
Canadian exploration expenses (as defined in the Income Tax Act) and renounced
for the 2009 taxation year.


ON BEHALF OF THE BOARD OF DIRECTORS OF 

STRIKEPOINT GOLD INC.

Richard A. Boulay, CEO

This news release does not constitute an offer to sell or solicitation of an
offer to sell any securities in the United States. The securities have not been
and will not be registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act") or any state securities laws and may not be
offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.


Cautionary Statement Regarding Forward-Looking Information

All statements, trend analysis and other information contained in this press
release relative to markets about anticipated future events or results
constitute forward-looking statements. Forward-looking statements are often, but
not always, identified by the use of words such as "seek", "anticipate",
"believe", "plan", "estimate", "expect" and "intend" and statements that an
event or result "may", "will", "should", "could" or "might" occur or be achieved
and other similar expressions. Forward-looking statements are subject to
business and economic risks and uncertainties and other factors that could cause
actual results of operations to differ materially from those contained in the
forward-looking statements. Forward-looking statements are based on estimates
and opinions of management at the date the statements are made. The Corporation
does not undertake any obligation to update forward-looking statements even if
circumstances or management's estimates or opinions should change. Investors
should not place undue reliance on forward-looking statements.

Strikepoint Gold (TSXV:SKP)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024