{"id":466,"date":"2017-11-22T23:12:01","date_gmt":"2017-11-22T23:12:01","guid":{"rendered":"http:\/\/magnumgoldcorp.com\/?p=466"},"modified":"2018-01-18T23:15:24","modified_gmt":"2018-01-18T23:15:24","slug":"magnum-goldcorp-inc-announces-extension-of-non-brokered-private-placements-2","status":"publish","type":"post","link":"http:\/\/magnumgoldcorp.com\/index.php\/2017\/11\/22\/magnum-goldcorp-inc-announces-extension-of-non-brokered-private-placements-2\/","title":{"rendered":"Magnum Goldcorp Inc. Announces Extension of Non-Brokered Private Placements"},"content":{"rendered":"<p><strong>West Vancouver, British Columbia \u2013 November 22, 2017<\/strong> \u2013 Magnum Goldcorp Inc. (the \u201cCompany\u201d or \u201cMagnum\u201d) announces that it has extended the closing of its non-brokered private placement as announced on September 8, 2017, which closing (Tranche 2) is anticipated for next week (the week of November 27, 2017).\u00a0 As a result and subject to regulatory approval, the Company intends to proceed with a flow through and a non-flow through non-brokered private placement. Under the flow through private placement (the \u201cFT Private Placement\u201d), the Company intends to raise up to $265,000 by the issuance of approximately 4,400,000 flow through shares (the \u201cFT Shares\u201d) at $0.06 per FT Share. Under the non-flow through private placement (the \u201cNFT Private Placement\u201d), the Company intends to raise up to $535,000 by the issuance of approximately 10,700,000 non-flow through units (the \u201cNFT Units\u201d) at $0.05 per NFT Unit. Each NFT 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 2 years at an exercise price of $0.10. With respect to these private placements, the Company may pay finders\u2019 fees in the amount of 10%, payable in cash or NFT Units, based on the sale of the FT Shares and NFT Units purchased by subscribers introduced to the Company by such finders.<\/p>\n<p>The Company intends to use the proceeds from these private placements to further exploration on its \u201cLH Property\u201d and for general working capital purposes.\u00a0 As announced April 27, 2016, Magnum now owns 100% of the LH Property.\u00a0 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.\u00a0 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<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 news release includes certain statements that may be deemed \u201cforward-looking statements\u201d within the meaning of applicable securities legislation.\u00a0 All statements, other than statements of historical facts, that address such matters, including the finder\u2019s fees that may be paid by the Company and the intended use of the proceeds of the private placement, are forward-looking statements and, as such, are subject to risks, uncertainties and other factors which are beyond he reasonable control of the Company. Such statements are not guarantees of future performance and actual results or developments may differ materially from those expressed in, or implied by, this forward-looking information.\u00a0 Any forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and subject to change after that date and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.\u00a0 <\/em><\/p>\n<p><em>\u00a0<\/em><\/p>\n<p><em>This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such Act.<\/em><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>West Vancouver, British Columbia \u2013 November 22, 2017 \u2013 Magnum Goldcorp Inc. (the \u201cCompany\u201d or \u201cMagnum\u201d) announces that it has extended the closing of its non-brokered private placement as announced on September 8, 2017, which closing (Tranche 2) is anticipated for next week (the week of November 27, 2017).\u00a0 As [&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-466","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. Announces Extension of Non-Brokered Private Placements - 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\/11\/22\/magnum-goldcorp-inc-announces-extension-of-non-brokered-private-placements-2\/\" \/>\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 Extension of Non-Brokered Private Placements - Magnum Goldcorp Inc.\" \/>\n<meta property=\"og:description\" content=\"West Vancouver, British Columbia \u2013 November 22, 2017 \u2013 Magnum Goldcorp Inc. (the \u201cCompany\u201d or \u201cMagnum\u201d) announces that it has extended the closing of its non-brokered private placement as announced on September 8, 2017, which closing (Tranche 2) is anticipated for next week (the week of November 27, 2017).\u00a0 As [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"http:\/\/magnumgoldcorp.com\/index.php\/2017\/11\/22\/magnum-goldcorp-inc-announces-extension-of-non-brokered-private-placements-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Magnum Goldcorp Inc.\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-22T23:12:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-01-18T23:15:24+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\\\/11\\\/22\\\/magnum-goldcorp-inc-announces-extension-of-non-brokered-private-placements-2\\\/#article\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/magnumgoldcorp.com\\\/index.php\\\/2017\\\/11\\\/22\\\/magnum-goldcorp-inc-announces-extension-of-non-brokered-private-placements-2\\\/\"},\"author\":{\"name\":\"Valerie\",\"@id\":\"http:\\\/\\\/magnumgoldcorp.com\\\/#\\\/schema\\\/person\\\/900cdc19b30915d5af8ed160355eff94\"},\"headline\":\"Magnum Goldcorp Inc. Announces Extension of Non-Brokered Private Placements\",\"datePublished\":\"2017-11-22T23:12:01+00:00\",\"dateModified\":\"2018-01-18T23:15:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\\\/\\\/magnumgoldcorp.com\\\/index.php\\\/2017\\\/11\\\/22\\\/magnum-goldcorp-inc-announces-extension-of-non-brokered-private-placements-2\\\/\"},\"wordCount\":632,\"articleSection\":[\"News Releases\"],\"inLanguage\":\"en\"},{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/magnumgoldcorp.com\\\/index.php\\\/2017\\\/11\\\/22\\\/magnum-goldcorp-inc-announces-extension-of-non-brokered-private-placements-2\\\/\",\"url\":\"http:\\\/\\\/magnumgoldcorp.com\\\/index.php\\\/2017\\\/11\\\/22\\\/magnum-goldcorp-inc-announces-extension-of-non-brokered-private-placements-2\\\/\",\"name\":\"Magnum Goldcorp Inc. Announces Extension of Non-Brokered Private Placements - Magnum Goldcorp Inc.\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/magnumgoldcorp.com\\\/#website\"},\"datePublished\":\"2017-11-22T23:12:01+00:00\",\"dateModified\":\"2018-01-18T23:15:24+00:00\",\"author\":{\"@id\":\"http:\\\/\\\/magnumgoldcorp.com\\\/#\\\/schema\\\/person\\\/900cdc19b30915d5af8ed160355eff94\"},\"breadcrumb\":{\"@id\":\"http:\\\/\\\/magnumgoldcorp.com\\\/index.php\\\/2017\\\/11\\\/22\\\/magnum-goldcorp-inc-announces-extension-of-non-brokered-private-placements-2\\\/#breadcrumb\"},\"inLanguage\":\"en\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"http:\\\/\\\/magnumgoldcorp.com\\\/index.php\\\/2017\\\/11\\\/22\\\/magnum-goldcorp-inc-announces-extension-of-non-brokered-private-placements-2\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"http:\\\/\\\/magnumgoldcorp.com\\\/index.php\\\/2017\\\/11\\\/22\\\/magnum-goldcorp-inc-announces-extension-of-non-brokered-private-placements-2\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"http:\\\/\\\/magnumgoldcorp.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Magnum Goldcorp Inc. Announces Extension of Non-Brokered Private Placements\"}]},{\"@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 Extension of Non-Brokered Private Placements - 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\/11\/22\/magnum-goldcorp-inc-announces-extension-of-non-brokered-private-placements-2\/","og_locale":"en_US","og_type":"article","og_title":"Magnum Goldcorp Inc. Announces Extension of Non-Brokered Private Placements - Magnum Goldcorp Inc.","og_description":"West Vancouver, British Columbia \u2013 November 22, 2017 \u2013 Magnum Goldcorp Inc. (the \u201cCompany\u201d or \u201cMagnum\u201d) announces that it has extended the closing of its non-brokered private placement as announced on September 8, 2017, which closing (Tranche 2) is anticipated for next week (the week of November 27, 2017).\u00a0 As [&hellip;]","og_url":"http:\/\/magnumgoldcorp.com\/index.php\/2017\/11\/22\/magnum-goldcorp-inc-announces-extension-of-non-brokered-private-placements-2\/","og_site_name":"Magnum Goldcorp Inc.","article_published_time":"2017-11-22T23:12:01+00:00","article_modified_time":"2018-01-18T23:15:24+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\/11\/22\/magnum-goldcorp-inc-announces-extension-of-non-brokered-private-placements-2\/#article","isPartOf":{"@id":"http:\/\/magnumgoldcorp.com\/index.php\/2017\/11\/22\/magnum-goldcorp-inc-announces-extension-of-non-brokered-private-placements-2\/"},"author":{"name":"Valerie","@id":"http:\/\/magnumgoldcorp.com\/#\/schema\/person\/900cdc19b30915d5af8ed160355eff94"},"headline":"Magnum Goldcorp Inc. Announces Extension of Non-Brokered Private Placements","datePublished":"2017-11-22T23:12:01+00:00","dateModified":"2018-01-18T23:15:24+00:00","mainEntityOfPage":{"@id":"http:\/\/magnumgoldcorp.com\/index.php\/2017\/11\/22\/magnum-goldcorp-inc-announces-extension-of-non-brokered-private-placements-2\/"},"wordCount":632,"articleSection":["News Releases"],"inLanguage":"en"},{"@type":"WebPage","@id":"http:\/\/magnumgoldcorp.com\/index.php\/2017\/11\/22\/magnum-goldcorp-inc-announces-extension-of-non-brokered-private-placements-2\/","url":"http:\/\/magnumgoldcorp.com\/index.php\/2017\/11\/22\/magnum-goldcorp-inc-announces-extension-of-non-brokered-private-placements-2\/","name":"Magnum Goldcorp Inc. Announces Extension of Non-Brokered Private Placements - Magnum Goldcorp Inc.","isPartOf":{"@id":"http:\/\/magnumgoldcorp.com\/#website"},"datePublished":"2017-11-22T23:12:01+00:00","dateModified":"2018-01-18T23:15:24+00:00","author":{"@id":"http:\/\/magnumgoldcorp.com\/#\/schema\/person\/900cdc19b30915d5af8ed160355eff94"},"breadcrumb":{"@id":"http:\/\/magnumgoldcorp.com\/index.php\/2017\/11\/22\/magnum-goldcorp-inc-announces-extension-of-non-brokered-private-placements-2\/#breadcrumb"},"inLanguage":"en","potentialAction":[{"@type":"ReadAction","target":["http:\/\/magnumgoldcorp.com\/index.php\/2017\/11\/22\/magnum-goldcorp-inc-announces-extension-of-non-brokered-private-placements-2\/"]}]},{"@type":"BreadcrumbList","@id":"http:\/\/magnumgoldcorp.com\/index.php\/2017\/11\/22\/magnum-goldcorp-inc-announces-extension-of-non-brokered-private-placements-2\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"http:\/\/magnumgoldcorp.com\/"},{"@type":"ListItem","position":2,"name":"Magnum Goldcorp Inc. Announces Extension of Non-Brokered Private Placements"}]},{"@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\/466","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=466"}],"version-history":[{"count":2,"href":"http:\/\/magnumgoldcorp.com\/index.php\/wp-json\/wp\/v2\/posts\/466\/revisions"}],"predecessor-version":[{"id":468,"href":"http:\/\/magnumgoldcorp.com\/index.php\/wp-json\/wp\/v2\/posts\/466\/revisions\/468"}],"wp:attachment":[{"href":"http:\/\/magnumgoldcorp.com\/index.php\/wp-json\/wp\/v2\/media?parent=466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/magnumgoldcorp.com\/index.php\/wp-json\/wp\/v2\/categories?post=466"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/magnumgoldcorp.com\/index.php\/wp-json\/wp\/v2\/tags?post=466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}