News Release
DAMARA ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
August 3, 2017 TSX-V: DMR
DAMARA GOLD CORP. (TSX-V:DMR) (“Damara” or the “Company”), reports that it intends to complete a non-brokered private placement (the “Placement”) of up to 5,000,000 units (the “Unit”) at a price of $0.05 per Unit. Each Unit will consist of one common share and one common share purchase warrant (the “Warrant”). Each Warrant will entitle the holder to purchase an additional common share of the Company at a price of $0.10 for a period of 36 months following the closing of the Placement (the “Closing Date”). Proceeds from this financing shall be used for investigating project acquisitions and general corporate purposes.
It is anticipated that insiders will participate in the private placement on the same terms and conditions as arm’s length subscribers.
Completion of the Placement is subject to TSX Venture Exchange approval. All securities issued in connection with the Placement will be subject to a hold period of four months plus a day from the Closing Date.
About Damara
Damara Gold Corp. is a TSX Venture listed Canadian public company with a Board of Directors seasoned in the mineral exploration industry with extensive and successful international experience with a focus on identifying and acquiring prospective and under-explored gold properties worldwide.
ON BEHALF OF THE BOARD OF DIRECTORS OF DAMARA
“Larry Nagy”
Larry Nagy, Chief Executive Officer
For additional information visit Damara’s website at www.damaragoldcorp.com or contact:
Damara Gold Corp.
Larry Nagy
Chief Executive Officer or
Terese Gieselman
Chief Financial Officer
Ph: (250-768-0009)
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
