St. Anthony Gold Corp. announces first funding close

VANCOUVER, BC / ACCESSWIRE / February 18, 2022 / St. Anthony Gold Corp. (“St. Anthony” or the “Company”) (CSE:STAG)(FSE:M1N)(OTC:MTEHF) announces that it has completed a first closing of a non-brokered private placement of up to $750,000. The Company accepted subscriptions for 4,700,000 units at a price of $0.08 per unit, for gross proceeds of $376,000. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles its holder to purchase one additional common share at $0.15 for a period of two years from the closing date. The securities issued at this closing are subject to a legal holding period until June 18, 2022.

An insider of the Company subscribed for a total of 625,000 common share units of the Company. The Company has relied on the exemptions from the valuation and minority shareholder approval requirements of NI 61-101 contained in sections 5.5(b) and 5.7(a) of NI 61-101 with respect to this insider participation.

The Company intends to use the net proceeds for general working capital and expansion drilling at the St. Anthony mine and exploration activities on the Panama Lake property.

Qualified Intermediaries will receive a finder’s fee of 7% in cash and 7% in Broker Warrants, with the Broker Warrants having the same terms as above.

About St. Anthony Gold Corp.
St. Anthony Gold Corp., a Canada-based mining exploration company, is focused on identifying and advancing high-value mineral properties.

FOR MORE INFORMATION, SEE THE COMPANY’S WEBSITE AT

https://stanthonygoldcorp.com

Email to [email protected]

Contact: Peter Wilson CEO – 604-649-0945

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Further information on the Company is available at www.SEDAR.com under the profile of the Company.

Certain statements contained in this release may constitute “forward-looking statements” or “forward-looking information” (collectively “forward-looking information”) as such terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “plan”, “estimate”, “anticipate” and expressions and similar statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current beliefs or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the Company’s business, ownership, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof, and the Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. except as required by securities laws. Certain statements contained in this release may constitute “forward-looking statements” or “forward-looking information” (collectively “forward-looking information”) as such terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “plan”, “estimate”, “anticipate” and expressions and similar statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current beliefs or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the Company’s business, ownership, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof, and the Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. except as required by securities laws.

THE SOURCE: St. Anthony Gold Corp.

See the source version on accesswire.com:
https://www.accesswire.com/689553/St-Anthony-Gold-Corp-Announces-First-Closing-of-Financing

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