Headwater Gold arranges $2.28-million private placement

Feb 2, 2023

2023-02-02 11:21 ET – News Release

Mr. Caleb Stroup reports

HEADWATER GOLD ANNOUNCES PRIVATE PLACEMENT

Headwater Gold Inc. proposes to undertake a non-brokered private placement to raise gross proceeds of up to $2.28-million through the sale of up to six million units priced at 38 cents per unit. Each unit will consist of one common share of the company and one-half of a share purchase warrant, with each whole warrant exercisable into one further common share at a price of 55 cents for a term of 24 months.

The proceeds from the offering will be used on exploration activities to advance the company’s large portfolio of 100-per-cent-owned assets in the Western United States, potential project acquisitions and for general working capital.

Finders’ fees may be payable in connection with the offering in accordance with the policies of the Canadian Securities Exchange.

Directors and officers of the company may acquire securities under the offering, which will be considered a related party transaction as defined under Multilateral Instrument 61-101. Such participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

About Headwater Gold Inc.

Headwater Gold is a technically driven mineral exploration company focused on the exploration and discovery of high-grade precious metal deposits in the Western United States. Headwater is aggressively exploring one of the most well-endowed and mining-friendly jurisdictions in the world with a goal of making world-class precious metal discoveries. Headwater has a large portfolio of epithermal vein exploration projects and a technical team comprising experienced geologists with diverse capital markets, junior company and major mining company experience.

We seek Safe Harbor.

https://headwatergold.com/