{"id":448,"date":"2017-06-12T16:44:17","date_gmt":"2017-06-12T16:44:17","guid":{"rendered":"http:\/\/magnumgoldcorp.com\/?p=448"},"modified":"2017-06-13T16:46:04","modified_gmt":"2017-06-13T16:46:04","slug":"magnum-goldcorp-inc-announces-non-brokered-private-placement","status":"publish","type":"post","link":"http:\/\/magnumgoldcorp.com\/index.php\/2017\/06\/12\/magnum-goldcorp-inc-announces-non-brokered-private-placement\/","title":{"rendered":"Magnum Goldcorp Inc. Announces Non-Brokered Private Placement"},"content":{"rendered":"

West Vancouver, British Columbia, June 12, 2017<\/strong> \u2013 Magnum Goldcorp Inc. (the \u201cCompany\u201d or \u201cMagnum\u201d) announces that, subject to regulatory approval, the Company intends to proceed with a non-brokered private placement to raise up to $600,000 by the issuance of up to 12,000,000 non-flow through units (the \u201cUnits\u201d) at $0.05 per Unit. Each Unit will consist of one common share and one share purchase warrant, with each warrant entitling the holder to purchase an additional common share for a period of two years at an exercise price of $0.10. With respect to this private placement, the Company may pay finders\u2019 fees in the amount of 10% (payable in cash or Units), based on the sale of the Units purchased by subscribers introduced to the Company by such finders.<\/p>\n

The Company intends to use the proceeds from this private placement for general working capital purposes and to further exploration on its \u201cLH Property\u201d. As announced April 27, 2016, Magnum now owns 100% of the LH Property. The LH Property is a gold exploration property consisting of 19 contiguous crown granted claims and 7 mineral claims, located approximately 7 km south of Silverton, British Columbia, on the east side of Slocan Lake. Access to the LH Property is via Highway 6 for 8 km south of Silverton and then via Red Mountain Road for 2 km and a four-wheel drive road along Fingland Creek for 5 km.<\/p>\n

As detailed in Magnum\u2019s previous news releases, the Company\u2019s 2015 and 2016 exploration programs have yielded what the Company believes are impressive analytical results. In particular, the Company\u2019s 2015 drill program (which consisted of 11 drill holes and 693 metres of drilling) intersected anomalous, high grade, gold mineralization, including 16.9m of 13.58 g\/t gold (Au), 10.9m of 20.61 g\/t gold (Au) and 11.0 m of 20.66 g\/t gold (Au) [see the Company\u2019s August 18, 2015 news release for complete analytical results for the 2015 drill program]. The planned 2017 exploration program is intended to include a geophysical survey, followed by a drill program.<\/p>\n

This news release has been reviewed and approved by Rick Walker, P. Geo., who is acting as the Company\u2019s Qualified Person for the LH Property project, in accordance with regulations under NI 43-101.<\/p>\n

For further information, contact Mr. Clive Shallow, Shareholder Communications, at 604-922 2030, or visit the Company\u2019s website at www.magnumgoldcorp.com.<\/p>\n

Magnum Goldcorp Inc.<\/p>\n

\u201cDouglas L. Mason\u201d
\n_______________________________________
\nDouglas L. Mason, Chief Executive Officer<\/p>\n

Neither the TSX Venture Exchange nor its Regulation Services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release<\/p>\n

This release includes certain statements that may be deemed \u201cforward-looking statements\u201d within the meaning of applicable securities legislation. All statements, other than statements of historical facts, that address such matters, including the finder\u2019s fee that may be paid by the Company and the intended use of proceeds of the private placement, are forward-looking statements. Forward-looking statements are generally, but not always, identified by the words \u201cexpects\u201d, \u201cplans\u201d, \u201canticipates\u201d, \u201cbelieves\u201d, \u201csuspects\u201d, \u201cintends\u201d, \u201cestimates\u201d, \u201cprojects\u201d, \u201dtargets\u201d, \u201cpotential\u201d and similar expressions, or that events or conditions \u201cwill\u201d, \u201cwould\u201d, \u201cmay\u201d, \u201ccould\u201d or \u201cshould\u201d occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those expressed in, or implied by, this forward-looking information. Factors that could cause actual results to differ materially from those in forward-looking statements include such matters as market prices for the Company\u2019s anticipated products, regulatory approvals required for the Company\u2019s business plans, continued availability of capital and financing, and general economic, market or business conditions. Any forward-looking statements are expressly qualified in their entirety by this cautionary statement. Forward-looking statements are based on the beliefs, estimates and opinions of the Company\u2019s management on the date such statements were made and are subject to change after that date and the Company does not undertake any obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.<\/p>\n","protected":false},"excerpt":{"rendered":"

West Vancouver, British Columbia, June 12, 2017 \u2013 Magnum Goldcorp Inc. (the \u201cCompany\u201d or \u201cMagnum\u201d) announces that, subject to regulatory approval, the Company intends to proceed with a non-brokered private placement to raise up to $600,000 by the issuance of up to 12,000,000 non-flow through units (the \u201cUnits\u201d) at $0.05 […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-448","post","type-post","status-publish","format-standard","hentry","category-news-releases"],"yoast_head":"\nMagnum Goldcorp Inc. Announces Non-Brokered Private Placement - Magnum Goldcorp Inc.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/magnumgoldcorp.com\/index.php\/2017\/06\/12\/magnum-goldcorp-inc-announces-non-brokered-private-placement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Magnum Goldcorp Inc. Announces Non-Brokered Private Placement - Magnum Goldcorp Inc.\" \/>\n<meta property=\"og:description\" content=\"West Vancouver, British Columbia, June 12, 2017 \u2013 Magnum Goldcorp Inc. (the \u201cCompany\u201d or \u201cMagnum\u201d) announces that, subject to regulatory approval, the Company intends to proceed with a non-brokered private placement to raise up to $600,000 by the issuance of up to 12,000,000 non-flow through units (the \u201cUnits\u201d) at $0.05 […]\" \/>\n<meta property=\"og:url\" content=\"http:\/\/magnumgoldcorp.com\/index.php\/2017\/06\/12\/magnum-goldcorp-inc-announces-non-brokered-private-placement\/\" \/>\n<meta property=\"og:site_name\" content=\"Magnum Goldcorp Inc.\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-12T16:44:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-06-13T16:46:04+00:00\" \/>\n<meta name=\"author\" content=\"Valerie\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Valerie\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\\\/\\\/magnumgoldcorp.com\\\/index.php\\\/2017\\\/06\\\/12\\\/magnum-goldcorp-inc-announces-non-brokered-private-placement\\\/#article\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/magnumgoldcorp.com\\\/index.php\\\/2017\\\/06\\\/12\\\/magnum-goldcorp-inc-announces-non-brokered-private-placement\\\/\"},\"author\":{\"name\":\"Valerie\",\"@id\":\"http:\\\/\\\/magnumgoldcorp.com\\\/#\\\/schema\\\/person\\\/900cdc19b30915d5af8ed160355eff94\"},\"headline\":\"Magnum Goldcorp Inc. Announces Non-Brokered Private Placement\",\"datePublished\":\"2017-06-12T16:44:17+00:00\",\"dateModified\":\"2017-06-13T16:46:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\\\/\\\/magnumgoldcorp.com\\\/index.php\\\/2017\\\/06\\\/12\\\/magnum-goldcorp-inc-announces-non-brokered-private-placement\\\/\"},\"wordCount\":679,\"articleSection\":[\"News Releases\"],\"inLanguage\":\"en\"},{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/magnumgoldcorp.com\\\/index.php\\\/2017\\\/06\\\/12\\\/magnum-goldcorp-inc-announces-non-brokered-private-placement\\\/\",\"url\":\"http:\\\/\\\/magnumgoldcorp.com\\\/index.php\\\/2017\\\/06\\\/12\\\/magnum-goldcorp-inc-announces-non-brokered-private-placement\\\/\",\"name\":\"Magnum Goldcorp Inc. Announces Non-Brokered Private Placement - Magnum Goldcorp Inc.\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/magnumgoldcorp.com\\\/#website\"},\"datePublished\":\"2017-06-12T16:44:17+00:00\",\"dateModified\":\"2017-06-13T16:46:04+00:00\",\"author\":{\"@id\":\"http:\\\/\\\/magnumgoldcorp.com\\\/#\\\/schema\\\/person\\\/900cdc19b30915d5af8ed160355eff94\"},\"breadcrumb\":{\"@id\":\"http:\\\/\\\/magnumgoldcorp.com\\\/index.php\\\/2017\\\/06\\\/12\\\/magnum-goldcorp-inc-announces-non-brokered-private-placement\\\/#breadcrumb\"},\"inLanguage\":\"en\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"http:\\\/\\\/magnumgoldcorp.com\\\/index.php\\\/2017\\\/06\\\/12\\\/magnum-goldcorp-inc-announces-non-brokered-private-placement\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"http:\\\/\\\/magnumgoldcorp.com\\\/index.php\\\/2017\\\/06\\\/12\\\/magnum-goldcorp-inc-announces-non-brokered-private-placement\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"http:\\\/\\\/magnumgoldcorp.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Magnum Goldcorp Inc. Announces Non-Brokered Private Placement\"}]},{\"@type\":\"WebSite\",\"@id\":\"http:\\\/\\\/magnumgoldcorp.com\\\/#website\",\"url\":\"http:\\\/\\\/magnumgoldcorp.com\\\/\",\"name\":\"Magnum Goldcorp Inc.\",\"description\":\"TSX.V: MGI\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"http:\\\/\\\/magnumgoldcorp.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en\"},{\"@type\":\"Person\",\"@id\":\"http:\\\/\\\/magnumgoldcorp.com\\\/#\\\/schema\\\/person\\\/900cdc19b30915d5af8ed160355eff94\",\"name\":\"Valerie\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a28ecfce44a8628b221d641032f9c3f2ead3989cc6de94c1d0a29fba304b420e?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a28ecfce44a8628b221d641032f9c3f2ead3989cc6de94c1d0a29fba304b420e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a28ecfce44a8628b221d641032f9c3f2ead3989cc6de94c1d0a29fba304b420e?s=96&d=mm&r=g\",\"caption\":\"Valerie\"},\"url\":\"http:\\\/\\\/magnumgoldcorp.com\\\/index.php\\\/author\\\/valerie\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Magnum Goldcorp Inc. Announces Non-Brokered Private Placement - Magnum Goldcorp Inc.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"http:\/\/magnumgoldcorp.com\/index.php\/2017\/06\/12\/magnum-goldcorp-inc-announces-non-brokered-private-placement\/","og_locale":"en_US","og_type":"article","og_title":"Magnum Goldcorp Inc. Announces Non-Brokered Private Placement - Magnum Goldcorp Inc.","og_description":"West Vancouver, British Columbia, June 12, 2017 \u2013 Magnum Goldcorp Inc. (the \u201cCompany\u201d or \u201cMagnum\u201d) announces that, subject to regulatory approval, the Company intends to proceed with a non-brokered private placement to raise up to $600,000 by the issuance of up to 12,000,000 non-flow through units (the \u201cUnits\u201d) at $0.05 […]","og_url":"http:\/\/magnumgoldcorp.com\/index.php\/2017\/06\/12\/magnum-goldcorp-inc-announces-non-brokered-private-placement\/","og_site_name":"Magnum Goldcorp Inc.","article_published_time":"2017-06-12T16:44:17+00:00","article_modified_time":"2017-06-13T16:46:04+00:00","author":"Valerie","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Valerie","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"http:\/\/magnumgoldcorp.com\/index.php\/2017\/06\/12\/magnum-goldcorp-inc-announces-non-brokered-private-placement\/#article","isPartOf":{"@id":"http:\/\/magnumgoldcorp.com\/index.php\/2017\/06\/12\/magnum-goldcorp-inc-announces-non-brokered-private-placement\/"},"author":{"name":"Valerie","@id":"http:\/\/magnumgoldcorp.com\/#\/schema\/person\/900cdc19b30915d5af8ed160355eff94"},"headline":"Magnum Goldcorp Inc. Announces Non-Brokered Private Placement","datePublished":"2017-06-12T16:44:17+00:00","dateModified":"2017-06-13T16:46:04+00:00","mainEntityOfPage":{"@id":"http:\/\/magnumgoldcorp.com\/index.php\/2017\/06\/12\/magnum-goldcorp-inc-announces-non-brokered-private-placement\/"},"wordCount":679,"articleSection":["News Releases"],"inLanguage":"en"},{"@type":"WebPage","@id":"http:\/\/magnumgoldcorp.com\/index.php\/2017\/06\/12\/magnum-goldcorp-inc-announces-non-brokered-private-placement\/","url":"http:\/\/magnumgoldcorp.com\/index.php\/2017\/06\/12\/magnum-goldcorp-inc-announces-non-brokered-private-placement\/","name":"Magnum Goldcorp Inc. Announces Non-Brokered Private Placement - Magnum Goldcorp Inc.","isPartOf":{"@id":"http:\/\/magnumgoldcorp.com\/#website"},"datePublished":"2017-06-12T16:44:17+00:00","dateModified":"2017-06-13T16:46:04+00:00","author":{"@id":"http:\/\/magnumgoldcorp.com\/#\/schema\/person\/900cdc19b30915d5af8ed160355eff94"},"breadcrumb":{"@id":"http:\/\/magnumgoldcorp.com\/index.php\/2017\/06\/12\/magnum-goldcorp-inc-announces-non-brokered-private-placement\/#breadcrumb"},"inLanguage":"en","potentialAction":[{"@type":"ReadAction","target":["http:\/\/magnumgoldcorp.com\/index.php\/2017\/06\/12\/magnum-goldcorp-inc-announces-non-brokered-private-placement\/"]}]},{"@type":"BreadcrumbList","@id":"http:\/\/magnumgoldcorp.com\/index.php\/2017\/06\/12\/magnum-goldcorp-inc-announces-non-brokered-private-placement\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"http:\/\/magnumgoldcorp.com\/"},{"@type":"ListItem","position":2,"name":"Magnum Goldcorp Inc. Announces Non-Brokered Private Placement"}]},{"@type":"WebSite","@id":"http:\/\/magnumgoldcorp.com\/#website","url":"http:\/\/magnumgoldcorp.com\/","name":"Magnum Goldcorp Inc.","description":"TSX.V: MGI","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"http:\/\/magnumgoldcorp.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en"},{"@type":"Person","@id":"http:\/\/magnumgoldcorp.com\/#\/schema\/person\/900cdc19b30915d5af8ed160355eff94","name":"Valerie","image":{"@type":"ImageObject","inLanguage":"en","@id":"https:\/\/secure.gravatar.com\/avatar\/a28ecfce44a8628b221d641032f9c3f2ead3989cc6de94c1d0a29fba304b420e?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a28ecfce44a8628b221d641032f9c3f2ead3989cc6de94c1d0a29fba304b420e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a28ecfce44a8628b221d641032f9c3f2ead3989cc6de94c1d0a29fba304b420e?s=96&d=mm&r=g","caption":"Valerie"},"url":"http:\/\/magnumgoldcorp.com\/index.php\/author\/valerie\/"}]}},"_links":{"self":[{"href":"http:\/\/magnumgoldcorp.com\/index.php\/wp-json\/wp\/v2\/posts\/448","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/magnumgoldcorp.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/magnumgoldcorp.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/magnumgoldcorp.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/magnumgoldcorp.com\/index.php\/wp-json\/wp\/v2\/comments?post=448"}],"version-history":[{"count":1,"href":"http:\/\/magnumgoldcorp.com\/index.php\/wp-json\/wp\/v2\/posts\/448\/revisions"}],"predecessor-version":[{"id":449,"href":"http:\/\/magnumgoldcorp.com\/index.php\/wp-json\/wp\/v2\/posts\/448\/revisions\/449"}],"wp:attachment":[{"href":"http:\/\/magnumgoldcorp.com\/index.php\/wp-json\/wp\/v2\/media?parent=448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/magnumgoldcorp.com\/index.php\/wp-json\/wp\/v2\/categories?post=448"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/magnumgoldcorp.com\/index.php\/wp-json\/wp\/v2\/tags?post=448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}