TORONTO, June 07, 2019 (GLOBE NEWSWIRE) -- Waseco Resources Inc. (“WRI”-TSX-V) (“Waseco” or the “Company”) is extending its non- brokered private placement (the “Offering”), originally announced on April 23, 2019, until July 5th, 2019.
The Offering is of units at a price of $0.05 per unit, consisting of up to 10,000,000 common shares (the “Common Shares”) and 10,000,000 one half (1/2) share purchase warrants (the “Warrants”). Each of two (2) Warrants will entitle the holder to purchase one common share of the Company at a price of $0.075 per share at any time prior to 12 months from the date of the closing of the Offering. At the closing of the Offering, finder’s fees of 6% of the proceeds may be payable in cash.
The proceeds received from the Offering will be used to carry out a follow-up drilling program on the Stibnite Gold Zone, on the Company’s Battle Mountain Ridge Project in Nevada and for general working capital purposes.
Waseco is an exploration company focused on exploring for gold in Nevada. The Company is listed on the TSX Venture Exchange and the Frankfurt Stock Exchange. There are currently approximately 40 Million shares issued and outstanding.
On Behalf of the Board of Directors
President & C.E.O.
Neither the TSX Venture Exchange nor its regulatory service providers (as that term is defined in the policies of the TSX Venture Exchange accepts responsibility of the accuracy or adequacy of this release.
We seek safe harbor.