Deer Horn Announces Private Placement
Deer Horn Announces Private Placement
Vancouver, BC (FSCwire) - Deer Horn Capital Inc. (CSE: DHC) (the "Company" or "Deer Horn") announces that it intends to raise up to $300,000 by way of a non-brokered private placement (the "Offering") of units ("Units") of the Company at a price of $0.02 per Unit.Each Unit will consist of one common share in the capital of Deer Horn and one-half of one common share purchase warrant (each whole warrant, a "Warrant").Each Warrant will be exercisable into one common share for a period of one year at a price of $0.05/share.The Company sought and was granted relief from the CSE's minimum price rule.
In connection with the private placement, the Company may pay finder's fees to eligible arm's length parties who introduce subscribers for the Units.
The proceeds of the private placement will be used to pay outstanding accounts payable as well as for other general working capital purposes.
About Deer Horn
Deer Horn Capital is exploring and developing the Deer Horn Property, a rich gold and silver project with high tellurium grades. The Deer Horn Property, located in north-central British Columbia, has produced positive economics in a Preliminary Economic Analysis and, to our knowledge, hosts Canada's only NI 43-101 tellurium resource.
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On behalf of the board of directors of Deer Horn Capital Inc.
"Tyrone Docherty" Tyrone Docherty President and CEO
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For further information please contact:
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Neither the Canadian Securities Exchange nor its regulations services accepts responsibility
for the adequacy or accuracy of this release.
Forward-looking information
All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements.In particular, this news release contains forward-looking information regarding the offering, potential payment of a finder's fee with respect to the offering and the use of proceeds of the offering. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. These assumptions include, but are not limited to: future costs and expenses being based on historical costs and expenses, adjusted for inflation; and market demand for, and market acceptance of, the offering. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control.Readers should not place undue reliance on forward-looking statements.Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/DeerHorn01122017.pdf
Source: Deer Horn Capital Inc. (CSE:DHC, OTC Pink:GODYF)
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