{"id":452002,"date":"2021-03-05T16:08:07","date_gmt":"2021-03-05T21:08:07","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=452002"},"modified":"2021-03-05T16:08:07","modified_gmt":"2021-03-05T21:08:07","slug":"clarity-gold-closes-3-8-million-flow-through-non-brokered-private-placement","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/clarity-gold-closes-3-8-million-flow-through-non-brokered-private-placement\/","title":{"rendered":"Clarity Gold Closes $3.8 Million Flow-Through Non-Brokered Private Placement"},"content":{"rendered":"
\n

\n NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES<\/strong>
\n \n <\/p>\n

VANCOUVER, British Columbia, March 05, 2021 (GLOBE NEWSWIRE) — Clarity Gold Corp. (\u201cClarity<\/strong>\u201d or the \u201cCompany<\/strong>\u201d) (CSE: CLAR, OTC: CLGCF, FSE: 27G) announces that it has closed its previously announced non-brokered private placement, pursuant to which it has issued 2,054,405 common shares in the capital of the Company (each, a \u201cShare<\/strong>\u201d) issued on a \u201cflow-through\u201d basis pursuant to the Income Tax Act<\/em> (Canada) and to the Taxation Act <\/em>(Qu\u00e9bec) at a price of $1.85 per Share for gross proceeds of $3,800,649.25 (the\u00a0\u201cOffering<\/strong>\u201d).<\/p>\n

\u201cHaving also recently completed a hard dollar financing of approximately $4.5 million, Clarity is now fully funded to carry out its next objectives as we get ready to commence drilling on the Destiny Project,\u201d said James Rogers, CEO of Clarity. \u201cWe are very pleased with the reception of this financing, and look forward to getting our first drill program underway with a strong treasury.\u201d<\/p>\n

The Company intends to use the proceeds from the Offering for exploration expenditures in connection with the Company\u2019s Destiny Project.<\/p>\n

All securities issued under the Offering are subject to a statutory hold period expiring four months and one day from the date of closing of the Offering. The Company paid cash finder\u2019s fees of $266,045.45 and issued an aggregate of 143,808 finder\u2019s share purchase warrants (each, a \u201cFinder\u2019s Warrant\u201d) to certain finders in connection with the Offering, with each Finder\u2019s Warrant entitling the holder to acquire one Share (each, a \u201cFinder\u2019s Warrant Share\u201d) on a non \u201cflow-through\u201d basis at a price of $1.85 per Finder\u2019s Warrant until March 5, 2022, subject to any additional terms contained in the finder\u2019s warrant certificate.<\/p>\n

None of the securities sold in connection with the Offering will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.<\/p>\n

\n About the Destiny Project<\/strong>\n <\/p>\n

The 5,013 ha Destiny Project is located in the prolific Abitibi Greenstone Belt along a major structural break which is largely underexplored. The project has excellent infrastructure, with road access approximately 75 km NNE of the city of Val d\u2019Or and has considerable work done to date including over 50,000 m of diamond drilling.<\/p>\n

For a more detailed account, the reader is encouraged to refer to the Company\u2019s website.<\/p>\n

\n About Clarity<\/strong>\n <\/p>\n

Clarity Gold Corp. is a Canadian mineral exploration company focused on the acquisition, exploration and development of gold projects in Canada. The Company has entered into an option agreement to purchase 100% of the Destiny Project, Clarity\u2019s flagship asset, a gold-focused project in the mineral rich Abitibi region in Quebec. The Company is based in Vancouver, British Columbia, and is listed on the CSE under the symbol \u201cCLAR\u201d. To learn more about Clarity Gold Corp. and its projects please visit www.claritygoldcorp.com.<\/p>\n

\n ON BEHALF OF THE BOARD<\/strong>\n <\/p>\n

\u201cJames Rogers<\/em>\u201d
Chief Executive Officer
Tel: 1 (833) 387-7436
Email: info@claritygoldcorp.com
Website: claritygoldcorp.com<\/p>\n

\n FORWARD-LOOKING STATEMENTS<\/strong>\n <\/p>\n

\n This news release contains forward-looking statements. All statements, other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements in this news release include statements regarding: the intended use of proceeds of the Offering; and other matters regarding the business plans of the Company. The forward-looking statements reflect management\u2019s current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking statements including: that the Company may use the proceeds of the Offering for purposes other than those disclosed in this news release; adverse market conditions; and other factors beyond the control of the Company. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be put on such statements due to their inherent uncertainty. Factors that could cause actual results or events to differ materially from current expectations include general market conditions and other factors beyond the control of the Company. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.<\/em>\n <\/p>\n

\n The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.<\/em>\n <\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, March 05, 2021 (GLOBE NEWSWIRE) — Clarity Gold Corp. (\u201cClarity\u201d or the \u201cCompany\u201d) (CSE: CLAR, OTC: CLGCF, FSE: 27G) announces that it has closed its previously announced non-brokered private placement, pursuant to which it has issued 2,054,405 common shares in the capital of the Company (each, a \u201cShare\u201d) issued on a \u201cflow-through\u201d basis pursuant to the Income Tax Act (Canada) and to the Taxation Act (Qu\u00e9bec) at a price of $1.85 per Share for gross proceeds of $3,800,649.25 (the\u00a0\u201cOffering\u201d). \u201cHaving also recently completed a hard dollar financing of approximately $4.5 million, Clarity is now fully funded to carry out its next objectives … <\/p>\n

Continue reading “Clarity Gold Closes $3.8 Million Flow-Through Non-Brokered Private Placement”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-452002","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nClarity Gold Closes $3.8 Million Flow-Through Non-Brokered Private Placement - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/clarity-gold-closes-3-8-million-flow-through-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=\"Clarity Gold Closes $3.8 Million Flow-Through Non-Brokered Private Placement - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, March 05, 2021 (GLOBE NEWSWIRE) — Clarity Gold Corp. (\u201cClarity\u201d or the \u201cCompany\u201d) (CSE: CLAR, OTC: CLGCF, FSE: 27G) announces that it has closed its previously announced non-brokered private placement, pursuant to which it has issued 2,054,405 common shares in the capital of the Company (each, a \u201cShare\u201d) issued on a \u201cflow-through\u201d basis pursuant to the Income Tax Act (Canada) and to the Taxation Act (Qu\u00e9bec) at a price of $1.85 per Share for gross proceeds of $3,800,649.25 (the\u00a0\u201cOffering\u201d). \u201cHaving also recently completed a hard dollar financing of approximately $4.5 million, Clarity is now fully funded to carry out its next objectives … Continue reading "Clarity Gold Closes $3.8 Million Flow-Through Non-Brokered Private Placement"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/clarity-gold-closes-3-8-million-flow-through-non-brokered-private-placement\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-05T21:08:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NTM3NCM0MDUwOTM5IzUwMDA3NTE4MA==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/clarity-gold-closes-3-8-million-flow-through-non-brokered-private-placement\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/clarity-gold-closes-3-8-million-flow-through-non-brokered-private-placement\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Clarity Gold Closes $3.8 Million Flow-Through Non-Brokered Private Placement\",\"datePublished\":\"2021-03-05T21:08:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/clarity-gold-closes-3-8-million-flow-through-non-brokered-private-placement\\\/\"},\"wordCount\":802,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/clarity-gold-closes-3-8-million-flow-through-non-brokered-private-placement\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODE4NTM3NCM0MDUwOTM5IzUwMDA3NTE4MA==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/clarity-gold-closes-3-8-million-flow-through-non-brokered-private-placement\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/clarity-gold-closes-3-8-million-flow-through-non-brokered-private-placement\\\/\",\"name\":\"Clarity Gold Closes $3.8 Million Flow-Through Non-Brokered Private Placement - 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