FinancialBuzz.com’s latest Buzz on the Street Show: Featuring Our Corporate News Recap on “Exploits Discovery Announces $8 Million Investment by Eric Sprott and New Found Gold.”
Exploits Discovery Corp. (CSE: NFLD) (OTCQB: NFLDF) (FSE:634-FF) is pleased to announce a non-brokered private placement of $8,000,000 consisting of 13,333,333 units (the “Units”) at a price of $0.60 per Unit (the “Private Placement”). Each Unit consists of one common share (“Common Share”) and one common share purchase warrant (“Warrant”). Each whole Warrant entitles the holder to acquire one Common Share at an exercise price of $0.70 for a period of 24 months immediately following the closing date of the Private Placement.
Exploits Discovery is a Canadian mineral exploration company focused on the acquisition and development of mineral projects in Newfoundland, Canada. The Company currently holds the Jonathan’s Pond, Dog Bay, Mt. Peyton, Middle Ridge, True Grit, Great Bend and Gazeebow projects which cumulatively cover an area of approximately 2,111 square kilometres.
All projects within Exploits’ portfolio lie within the Exploits Subzone.
Exploits believes that the Exploits Subzone, which runs 200 km from Dog Bay southwest to Bay d’Espoir, has been neglected since the last major exploration campaigns in the 1980s. The last 40 years have seen incremental advancements in the understanding of gold mineralization in the camp. The sum of this knowledge is now coming together in discrete and effective exploration models that have delivered discoveries such as New Found Gold’s 2019 discovery of 92.86 g/t Au over 19.0 metres near surface. The Exploits Subzone and GRUB regions have been the focus of major staking and financing throughout 2020, with increased exploration activities forecasted in the area moving into 2021. Exploits is financed and with two of five drill permits in place for an extensive drill program in the Spring of 2021.
For more information, please visit: Exploits Discovery Corp.
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