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Columbus Announces ALLEGIANT Private Placement
Vancouver, BC, Canada, October 3rd, 2017. Columbus Gold Corp. (“Columbus”) (CGT: TSX, CBGDF: OTCQX)
Further to recent news releases detailing the spin-out (the “Spin-Out”) of Columbus’ subsidiary Allegiant Gold Ltd. (“ALLEGIANT”), Columbus announces that ALLEGIANT proposes to conduct a unit private placement (the “Offering”) of up to CAN$12 million through a syndicate of brokers led by Beacon Securities Limited, and including Haywood Securities Inc., and Canaccord Genuity Corp. The Offering will be made under available prospectus and registration excemptions in Canada and the U.S. and outside of North America. Closing of the Offering is intended to be concurrent with, and conditional upon, completion of the Spin-Out. ALLEGIANT intends to seek to list on the TSX Venture Exchange in connection with the Spin-Out and may also seek to list the warrants which form part of the Offering.
Any securities to be issued under the Offering have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the common shares in any jurisdiction in which such offer, solicitation or sale would be unlawful.
ON BEHALF OF THE BOARD,
Robert F. Giustra Chairman & CEO
For more information contact:
(604) 634-0970 or