Stakeholder Gold Corp. Closes Private Placement and Prepares for Drilling
Toronto, Ontario--(Newsfile Corp. - November 21, 2014) - Stakeholder Gold Corp. (TSX-V: SRC) (“Stakeholder” or the “Company”)is pleased to announce closing of a non-brokered private placement totalling $641,000 dollars. The private placement consists of $35,000 of flow through financing (issuance of 140,000 units priced at $0.25 with a two year half warrant priced at $0.35) and $606,000 of hard dollar financing (issuance of 3,030,000 units priced at $0.20 with a two year half warrant priced at $0.30) . A commission of $1,600 has been paid to Industrial Alliance Securities Inc.
Stakeholder is also pleased to report that a drill has been ordered to the Bass River property, and that drilling is expected to commence by Friday November 28th.
“We are excited about the upcoming program, and our opportunity to prove the thesis of IOCG deposition in the Cobequids of Nova Scotia,” said Chris Berlet, President and CEO.
The private placement is subject to TSX-V and Regulatory approvals.
About Stakeholder Gold Corporation
Stakeholder Gold Corp. is a Canadian mineral exploration company headquartered in Toronto, Canada with the flagship property located in Nova Scotia, Canada. The primary focus of Stakeholder is developing the Bass River Iron Oxide Copper Gold (IOCG) project which the company has optioned, and which is located on the Cobequid-Chedabucto Fault Zone (CCFZ) in central Nova Scotia. The property is host to >100 mineral occurrences and small deposits of Iron-Oxide, Copper, Cobalt, Gold, Nickel and Barite. The CCFZ has only recently been recognized as a potential host for IOCG deposit types.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact
Christopher J. Berlet, CFA
President & CEO
416 525-6869
manager@mineralprices.com
Investor Relations
Michael Ballanger
416 786 – 5055
mballanger@rogers.com