Pivit Exploration Announces Financing Closing
VANCOUVER, December 28, 2018 - Pivit Exploration Inc. (CSE: PIVT)("Pivit" or the "Company") is pleased to announced it has closed the fully subscribed previously announced non-brokered private placement (see PRs dated November 20, 2018 and December 21, 2018) of 1,200,000 common shares at a price of $0.125 for gross proceeds of $150,000.
Net proceeds of the Financing will be used for general working capital purposes and to advance the Corporation's gold exploration projects in Canada.
Shares issued pursuant to the Financing will be subject to a four-month hold period according to applicable securities laws of Canada.
The Corporation paid a total of $5,250 cash finder's fees on subscriptions under the Financing.
About Pivit Exploration Inc.
Pivit Exploration (CSE: PIVT) is engaged in the business of mineral exploration, with an emphasis on gold. The focus of the company is the district-scale Whirlwind Jack Gold Project in Red Lake, Ontario, as well as the Moosehead East Gold Project in Newfoundland.
On Behalf of the Board of Directors
Michael England
Chief Executive Officer, President and Director
Forward-Looking Statements
This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently expected or forecast in such statements.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Pivit Exploration Inc.