{"id":451,"date":"2017-07-26T17:25:41","date_gmt":"2017-07-26T17:25:41","guid":{"rendered":"http:\/\/magnumgoldcorp.com\/?p=451"},"modified":"2017-10-13T17:27:07","modified_gmt":"2017-10-13T17:27:07","slug":"magnum-goldcorp-inc-delays-non-brokered-private-placement","status":"publish","type":"post","link":"http:\/\/magnumgoldcorp.com\/index.php\/2017\/07\/26\/magnum-goldcorp-inc-delays-non-brokered-private-placement\/","title":{"rendered":"Magnum Goldcorp Inc. Delays Non-Brokered Private Placement"},"content":{"rendered":"<p><strong>West Vancouver, British Columbia, July 26, 2017 \u2013<\/strong> By news release dated June 12, 2017, Magnum Goldcorp Inc. (the \u201cCompany\u201d or \u201cMagnum\u201d) announced that, subject to regulatory approval, it intended to proceed with a non-brokered private placement to raise up to $600,000 by the issuance of 12,000,000 non-flow through units (the \u201cUnits\u201d) at $0.05 per Unit. The Company has now decided to delay proceeding with this private placement and intends to re-announce the financing later this summer (which funding the Company intends to use for furthering exploration of its \u201cLH Property\u201d).<\/p>\n<p>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<p><strong>Magnum Goldcorp Inc.<\/strong><\/p>\n<p><em>\u201cDouglas L. Mason\u201d<\/em><\/p>\n<p><strong>_______________________________________<\/strong><\/p>\n<p><strong>Douglas L. Mason, Chief Executive Officer<\/strong><\/p>\n<p><em>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<\/em><\/p>\n<p><em>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.\u00a0 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.\u00a0 Any forward-looking statements are expressly qualified in their entirety by this cautionary statement.\u00a0 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.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>West Vancouver, British Columbia, July 26, 2017 \u2013 By news release dated June 12, 2017, Magnum Goldcorp Inc. (the \u201cCompany\u201d or \u201cMagnum\u201d) announced that, subject to regulatory approval, it intended to proceed with a non-brokered private placement to raise up to $600,000 by the issuance of 12,000,000 non-flow through units [&hellip;]<\/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-451","post","type-post","status-publish","format-standard","hentry","category-news-releases"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Magnum Goldcorp Inc. 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