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Vancouver, British Columbia, December 31, 2021 / CNW /- Golden Thread Resources Co., Ltd. (Toronto Stock Exchange:Low-density lipoprotein) (Over-the-counter market:TLLZF) (“Gold Line”) (“Company” or “Gold Line”) is pleased to announce that it is proposing to complete a non-brokered private placement (“Private placement“) of 12,000,000 units (“unit“) for USD 0.25 The total revenue per unit is 3 million Canadian dollars. Private placements need to be approved by the TSX Venture Exchange.
Each unit will include one (1) common stock and one (1) common stock to purchase warrants (each warrant, “ensure“), each warrant gives its holder the right to purchase additional common shares (each warrant,Warrant share“) for 0.35 USD Within twenty-four (24) months from the date of issuance, each warrant share. The company will pay a 6% finder fee based on the total private placement funds of the subscriber introduced by the specific finder, and will issue that number of finder warrants (“Finder’s warrants“) as is equal to 6% of the units sold to subscribers introduced to certain discoverers. Each discoverer’s…
The full story can be found on Benzinga.com
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