Yorkton Announces Private Placement
Vancouver, British Columbia – October 12, 2021 – Yorkton Ventures Inc. (TSXV: YVI) (the “Company”) is pleased to announce that it has intends to complete a private Placement for up to $1,000,000.
The Company has a lead order of $350,000 from a strategic resource focused participant. Each unit is comprised of one common share at $0.35 and one-half 18 month warrant exercisable at $0.50. The warrant expiry may be accelerated in the event that the common shares of the Company close at $0.75 or greater for 10 consecutive days. Finders fees, in accordance with TSXV policies, may be payable for certain subscriptions. Proceeds of the placement are primarily to fund resource expenditures on its Newfoundland Gold Exploration Project and supplement general working capital. The placement remains subject to regulatory approval.
For more information please visit www.sedar.com.
On behalf of Yorkton Ventures Inc.
Andrew Lee Smith
Chief Executive Officer
888 – 1027 Davie Street, Vancouver, BC V6E 4L2 Canada
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.
Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including but not limited to, the uncertainty of the financing, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals. Readers are cautioned that the assumptions used in preparing such information, although considered reasonable at the time of preparation, may prove imprecise and undue reliance should not be placed on forward-looking statements. Forward-looking statements in this press release are expressly qualified by this cautionary statement.
The forward-looking statements in this press release are made as of the date of this press release, and the Company undertakes no obligations to update publicly or to revise any of the included forward-looking statements, whether because of new information, future events or otherwise, except as expressly required by applicable securities law.