Golden Tag Resources Closes $1.5 Million Financing Including Strategic Investment by Eric Sprott
Montreal, Quebec, September 20, 2019: Golden Tag Resources Ltd. (TSX.V: GOG) (the "Company" or “Golden Tag”) is pleased to announce that it has closed its private placement offering, issuing 30,000,000 units (“Units”) at a price of $0.05 per Unit for gross proceeds of $1,500,000 (the “Private Placement”). The largest single investor in the Private Placement is Mr. Eric Sprott, through his company 2176423 Ontario Ltd., which subscribed for 13,000,000 Units. As a result, Mr Sprott is now the single largest beneficial equity securityholder of Golden Tag holding 13.7% of its issued and outstanding common shares (“Shares”). Members of management and the board of directors subscribed for an aggregate of 2,800,000 Units in the Private Placement.
Golden Tag Resources Announces $1,500,000 Financing & Strengthens Board of Directors
Montreal, Quebec, September 11, 2019: Golden Tag Resources Ltd. (TSX.V: GOG) (the "Company") is pleased to announce a private placement for an aggregate of $1,500,000 comprised of 30,000,000 units (the "Units") at a price of $0.05 per Unit. Each Unit consists of one common share (the "Shares") and one-half share purchase warrant (the "Warrants"). Each whole Warrant will entitle the holder to purchase one additional Share at a price of $0.07 for a period of 24 months from the date of issue of the Warrants.