American Pacific Mining Announces Corporate Update
July 23 2020 - 3:00PM
American Pacific Mining Corp (CSE: USGD / FWB: 1QC / OTCPK:
USGDF) (“APM” or the “Company”) announces that it intends
to extend the expiration date of 1,554,168 warrants (the
“
Warrants”) originally issued by the Company on
July 29, 2019 pursuant to a non-brokered private placement by 60
calendar days.
The Warrants are exercisable into common shares
of the Company at a price of $0.60 per common share and currently
have an expiry date of July 29, 2020, subject to an acceleration
provision that provides that the Company may abridge the exercise
period of the Warrants in the event (the “Trigger
Event”) that the closing price of the common shares is
greater than $0.75 for five or more consecutive trading days
provided that (a) the Company gives notice of the Trigger Event by
way of a news release, and (b) the earlier expiry date is a date
which is not less than 30 calendar days after the date of such
press release. The Company wishes to extend the expiry date of the
Warrants to 4:00PM PST on September 27, 2020.
All other terms and conditions of the Warrants, including the
exercise price, remain the same.
The Company announces that it has granted
incentive stock options (the “Options”) to
purchase a total of 2,500,000 common shares at an exercise price of
$0.49 per common share for a period of five years to certain
directors, officers and consultants in accordance with the
provisions of its stock option plan.
The Company also announces that it has engaged
Kristina Pillon of High Tide Consulting Corp. in an investor
relations capacity for an initial term of 6 months and has agreed
to remunerate Ms. Pillon a monthly fee of CAD$5,000 and to grant
Ms. Pillon 250,000 Options.
About High Tide
Consulting Corp.
High Tide offers a suite of investor relations
and corporate communications services for a variety of public
companies. Ms. Pillon has over a decade of experience in
capital markets having worked closely with numerous resource
companies in an investor relations role as well as on the sell-side
as institutional equity sales for a boutique Toronto-based
mining-focused exempt market dealer.
About American Pacific Mining
Corp.
American Pacific Mining Corp. is a gold explorer
focused on precious metal opportunities in the Western United
States. The Madison Mine in Montana under option to joint venture
with Kennecott Exploration Company is our flagship asset. The
Gooseberry Gold/Silver Project and the Tuscarora Gold Project are
two high-grade, precious metal projects located in key mining
districts of Nevada USA. The Company’s mission is to grow by the
drill bit and by acquisition.
On Behalf of the Board of American Pacific
Mining Corp.
"Warwick Smith" CEO & Director
Corporate Office: Suite 910 – 510 Burrard Street Vancouver, BC,
V6C 3A8 Canada Contact Kristina Pillon, President, High Tide
Consulting Corp., 604.908.1695 / Kristina.pillon@gmail.com
The CSE has neither approved nor disapproved the
contents of this news release. Neither the CSE nor its Regulation
Services Provider (as that term is defined in the policies of the
CSE) accepts responsibility for the adequacy or accuracy of this
release.
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