StrikePoint Gold Announces Non-Brokered Private Placement LIFE Offering of up to $3 Million

Core Points - StrikePoint Gold Inc. has announced a non-brokered private placement under the Listed Issuer Financing Exemption (LIFE Offering) for gross proceeds of up to CAD $3 million [1][6] - The offering will consist of up to 20,000,000 units priced at CAD $0.15 per unit, each unit comprising one common share and one warrant [2][3] - The company intends to use the net proceeds for exploration activities at its two Nevada-based projects, the Hercules Gold Project and the Cuprite Gold Project, as well as for general working capital [6] Offering Details - Each warrant is exercisable into one common share at an exercise price of CAD $0.30 for a period of 24 months from closing [2] - The LIFE Offering is available to purchasers residing in Canada, except Québec, and the securities will not be subject to a hold period under applicable Canadian securities laws [3] - The company may pay finders' fees and issue finders' warrants to eligible persons in connection with the LIFE Offering [5] Insider Participation - The company anticipates that insiders will subscribe for units, which is considered a related party transaction [7] - The participation of insiders will not exceed 25% of the fair market value of the company's market capitalization, allowing the company to rely on exemptions from formal valuation and minority shareholder approval requirements [7] Company Overview - StrikePoint Gold Inc. is focused on building precious metals resources in the Western United States and Canada, holding approximately 145 square kilometers of mineral claims [11] - The management team has extensive experience in exploration, finance, and engineering, with a history of successful transactions in the mining sector [12]