TORONTO, July 03, 2020 (GLOBE NEWSWIRE) -- Angus Ventures Inc. (TSX-V: GUS) (“Angus” or the “Company”) is pleased to announce a that it has closed its previously announced non-brokered flow-through private placement for a gross proceeds of $2,646,000 (the “Financing”). The Financing was comprised of 6,000,000 flow-through shares of the Company (“FT Shares”) at a price of C$0.441 per FT Share. Each FT Share consists of one common share in the capital of the Company (a “Common Share”) issued on a flow-through basis within the meaning of the Income Tax Act (Canada) (“Tax Act”). The gross proceeds will be used to fund exploration on Angus’ projects. Gross proceeds received by the Company from the sale of FT Shares will be used to incur Canadian Exploration Expenses that are ''flow-through'' mining expenditures as such terms are defined in the Tax Act.
Angus Ventures Closes a $2.6 Million Flow-Through Private Placement
Jul 03, 2020
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