TSX-V: SPF

Header-Back

Vancouver, B.C., Canada

 

Symbol: SPF.V

SILVER PURSUIT COMPLETES FINANCING

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Vancouver, British Columbia – Silver Pursuit Resources Ltd. (TSX-V: SPF)  further to its news release dated Feb. 19, 2016, has completed a private placement offering of 4.1 million units of the company at a price of 2.5 cents per unit for  gross  proceeds  of  $102,500.  It  is noteworthy  that  the  company's  offering was oversubscribed  by 100,000 units.  Each unit is  to consist  of one  common  share  and  one  share  purchase  warrant, where  one whole share purchase warrant may be
exercised at the price of five cents per common share during a two year term.

The  funds  shall  be used  for  the  company's  working capital.  In  accordance  with  the  policies  of  the  TSX Venture Exchange,  the  company  paid  a  total  of  $4,200  in  cash,  and 168,000  nontransferable share purchase warrants with an exercise price of five cents per common share and an expiry term of two years, to various finders regarding the offering.

July  11,  2016,  is  the  hold  period  expiry  date  in  respect  of the  shares  under  the  units  and  issuable  upon exercise of the share purchase warrants.

ON BEHALF OF SILVER PURSUIT RESOURCES LTD.

Brian McClay,
Director
Tel:
604-730-6982

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.

FOR MORE INFORMATION PLEASE CONTACT:
Investor Relations
Telephone:
1-604-730-6982

middle-footer-back2
Footer-back1
[HOME] [NEWS] [PROPERTIES] [MANAGEMENT] [INVESTORS] [SILVER] [CONTACT US]

© 2016 Silver Pursuit Resources Limited