on Relevant Gold Corp. (isin : CA75941G1081)
Relevant Gold Corp. Initiates Non-Brokered Private Placement
VANCOUVER, BC - Relevant Gold Corp. announced its plan to conduct a non-brokered private placement aimed at raising $2,500,000. The company intends to issue up to 10,000,000 units at $0.25 each. Each unit will include one common share and a half of one share purchase warrant, with each full warrant providing the option to acquire an additional share at $0.35 for 24 months post-issue.
Proceeds from this initiative will support exploration efforts in Wyoming, USA, and provide general working capital. Participation from company directors and officers is possible, qualifying as a "related party transaction" under MI 61-101, though it adheres to exemption guidelines regarding valuation and minority shareholder consent.
A potential finder's fee may be awarded in connection with the placement, which awaits approval from the TSX Venture Exchange. All securities will be restricted from trading for a four-month span post-closing, in compliance with Canadian laws. The closing of the placement is slated for late May, pending regulatory consents.
R. E.
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