+ Energold Drilling Corp. - News Releases - Impact Closes $450,000 Private Placement - Thu Dec 12, 2019

News Releases


 April 16, 2004
Impact Closes $450,000 Private Placement

 Impact Minerals International Inc. (the "Company") (IPT.V - TSX Venture) is pleased to announce it has now closed its recently announced private placement of 3,000,000 units of the Company at the price of $0.15 per unit, each unit consisting of one common share and one non transferable warrant, each warrant entitling the holder to purchase one additional share of the Company until April 14, 2005 at a price of $0.165 per share as to 2,500,000 warrants and at an exercise price of $0.185 per share as to 500,000 warrants.

In consideration of arranging the private placement, Bolder Investment Partners Ltd. received a cash commission of $6,885 and warrants to purchase 54,000 common shares of the Company at a price of $0.15 per share until April 14, 2005. In addition, Wolverton Securities Ltd. received a cash commission of $20,421.24 and warrants to purchase 160,166 common shares of the Company until April 14, 2005.

The shares, warrants and any shares issued upon exercise of the warrants referred to herein are subject to a hold period and may not be traded in British Columbia until August 15, 2004 except as permitted by the Securities Act and the Rules made thereunder and the TSX Venture Exchange.

Energold Mining Ltd. purchased 393,334 of the above units which, including the shares issuable upon exercise of the warrants, represent ownership and control of 5.73% of the currently issued and outstanding common shares of the Company. The issuance of such shares resulted in Energold Mining Ltd. currently owning, or exercising control over, 5,406,667 common shares of the Company, not including any shares issuable upon exercise of the warrants, representing 39.38% of the issued and outstanding common shares of the Company. Energold Mining Ltd. has acquired the securities for investment purposes. It is its intention to evaluate the investment in the Company and to increase or decrease its shareholdings as circumstances require.


On behalf of Impact Minerals International Inc.

"Frederick W. Davidson", President


On behalf of Energold Mining Ltd.

"Frederick W. Davidson", President


The TSX Venture Exchange has neither approved nor disapproved this release.


900-543 Granville St.
Vancouver BC V6C 1X8
Phone: 604-681-9501
Fax: 604-681-6813
www.impactmin.com
inquiries@impactmin.com
 
 

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