Montana Gold Mining Company Inc.: Financial Update
22.04.2016 | Marketwire
LONDON, ONTARIO - April 22, 2016 - Montana Gold Mining Company Inc. ("MGM" or the "Company") (CSE:MGM) has modified the expiry times of certain outstanding warrants of the Company and has received $47,500 toward a non-brokered private placement financing.The Company has modified the expiry times of certain outstanding warrants of the Company held by arm's length parties as follows:
a. 2,000,000 warrants exercisable at a price of CDN$0.20 until 5:00 pm on April 24 24, 2016 are now exercisable until 5:00 pm on April 24, 2017;
b. 3,250,000 warrants exercisable at a price of CDN$0.20 until 5:00 pm on June 19, 2016 are now exercisable until 5:00 pm on June 19, 2017;
c. 1,000,000 warrants exercisable at a price of CDN$0.20 until 5:00 pm on May 14, 2016 are now exercisable until 5:00 pm on May 14, 2018.
The Company has received $47,500 toward a non-brokered private placement financing, which will consist of units priced at $0.05 per unit. Each unit consists of one common share and one warrant to purchase an additional common share for three years at $0.10.
Montana Gold Mining Company Inc. is a reporting issuer in good standing in the Province of Ontario whose common shares are listed on CSE (Symbol: MGM). There are 48,214,765 common shares issued and outstanding in the capital of the Company.
The Company owns a 100% interest in two gold exploration projects located in the US states of Nevada and Montana. Further information is also available at www.montanagoldmining.com or www.Facebook/montanagoldmining.
CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contact
Montana Gold Mining Company Inc.
Edward (Ted) Ellwood, MBA, President & CEO
1-519-964-2836