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Gespeg Announces Closing of Flow through Shares and Non-Flow through unit Private Placement Financing THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES NOR FOR DISSEMINATION IN THE UNITED STATES

SASKATOON, Saskatchewan, Dec. 23, 2020 (GLOBE NEWSWIRE) -- GESPEG RESOURCES LTD. (TSX-V:GCR) (the “Company” or “Gespeg”), is pleased to announce the closing of a non-brokered private placement (the "Offering") for total gross proceeds of $548,549.92. The closing consists of 900,000 Non-Flow through Units (the “Units”) at a price of $0.08 per Unit and 4,332,272 flow-through common share in the capital of the Company (a “FT Share”) at a price of 0.11 per FT Share. Each Unit consists of one common share in the capital of the Company (a “Share”) and one half of a common share purchase warrant for the purchase of one additional Share at a price of $0.12 for a period of two years from the closing of the Offering. Read More

from Financial Post https://ift.tt/3aEEH2U
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