Squire Closes Private Placement

Imprimer
| Source : Squire Mining Ltd.

VANCOUVER, British Columbia, Dec. 15, 2017 (GLOBE NEWSWIRE) --

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Squire Mining Ltd. (CSE:SQR) – Further to the Company’s news releases of November 20, 2017 and earlier today, the Company has now closed its non-brokered private placement of 10,133,333 units (the “Units”) at a price of $0.06 per Unit for gross proceeds of $608,000 (the “Financing”).  Each Unit consists of one common share and one transferable share purchase warrant to purchase one additional common share at a price of $0.08 for a period of two years.

A finder’s fee of 560,000 Units is payable to Faveo Capital Ltd. in connection with the Financing and all securities issued under the Financing are subject to a hold period of four months and one day.

For further information contact:         Kevin R. Hanson, Chief Financial Officer
Telephone: (604) 929-0900
   

The Canadian Securities Exchange accepts no responsibility for the adequacy or accuracy of this release.

THIS NEWS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL SECURITIES AND SQUIRE MINING LTD. IS NOT SOLICITING AN OFFER TO BUY THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.