Omai Gold Mines

Typhoon Exploration Inc. Close $190,000 Private Placement

PIEDMONT, QC, May 14, 2020 /CNW Telbec/ - Typhoon Exploration Inc. (TSXV: TYP) ("Typhoon") is proud to announce a private placement of $190,000.

The private placement consists of issuance of 3,800,000 shares at a price of $0.05 per share with 3,800,000 share purchase warrants. Each share purchase warrant shall entitle its holder thereof to acquire one additional common share of Typhoon at a price of $0.075 for a period of 12 months from the closing date.

No commission will be paid for this private placement and no insiders has participates to this private placement.

All securities issued pursuant to the private placement are subject to a four-month and one day hold period following closing. The private placement is subjects to the final approval of the TSX Venture Exchange.

Proceeds of the private placement will be applied toward meeting short term operating working capital requirements.

Typhoon is a junior mining exploration company, the common shares of which are listed on the TSX Venture Exchange

GET DAILY NEWS FLOW

Sign Up To Receive All Morning
News To Your Email Inbox

Please review our Disclaimer and Privacy Policy before subscribing.

OMAI GOLD MINES (TSX.V: OMG)

Omai Gold Mines

Omai Gold Mines holds a 100% interest in the past-producing Omai gold project in Guyana. The company has completed a Preliminary Economic Assessment that showed a robust after-tax NPV5% of $556 million and 19.8% Internal Rate of Return at... LEARN MORE