/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
SASKATOON, SK, Sept. 12,
2023 /CNW/ - MAS Gold Corp. ("MAS" or the
"Company") (TSXV: MAS) is pleased to announce the closing of
its previously announced rights offering (the "Rights
Offering") for aggregate gross proceeds of $1,796,806.74.
The net proceeds of the Rights Offering will be used for general
corporate purposes, including the repayment of indebtedness
incurred conducting exploration programs, preparing the National
Instrument 43-101 compliant "Technical Report on the 2023 Mineral
Resource Update for the Preview SW Project, La Ronge Gold Belt,
Saskatchewan, Canada", paying
claims maintenance fees and general corporate expenditures.
The Company received 141,486,698 initial subscriptions pursuant
to the basic subscription privilege, and 38,193,976 additional
subscriptions pursuant to the additional subscription
privilege.
The Rights Offering remains subject to the final acceptance of
the TSXV.
About MAS Gold Corp.
MAS Gold Corp. is a Canadian mineral exploration company focused
on advancing its gold exploration projects in the prospective La
Ronge Gold Belt of Saskatchewan. MAS Gold is exploring on
four properties in the belt, including the Preview-North, Greywacke
Lake, Elizabeth Lake and Henry Lake
Properties totalling 35,175.6 hectares (86,920.8 acres). These
properties extend along the geologically prospective La Ronge, Kisseynew and Glennie Domains that
make up the La Ronge Gold Belt in north-central Saskatchewan.
ANY SECURITIES REFERRED TO HEREIN WILL NOT BE REGISTERED
UNDER THE US. SECURITIES ACT OF 1933 (THE "1933 ACT") AND MAY NOT
BE OFFERED OR SOLD IN THE UNITED
STATES OR TO A U.S. PERSON IN THE ABSENCE OF SUCH
REGISTRATION OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF
THE 1933 ACT.
This press release shall not constitute an offer to sell or
the solicitation of an offer to buy nor shall there be any sale of
the securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
Forward Looking Statements
This release contains forward-looking statements. All
statements, other than statements of historical fact that address
activities, events or developments that we believe, expect or
anticipate will or may occur in the future are forward-looking
statements. These forward-looking statements reflect our current
expectations or beliefs based on information currently available to
us. Forward-looking statements in this release include, without
limitation, statements with respect to: TSXV final approval of the
Rights Offering and the use of proceeds from the Rights Offering.
Forward-looking statements are subject to a number of risks and
uncertainties that may cause our actual results to differ
materially from those discussed in the forward-looking statements
and, even if such actual results are realized or substantially
realized, there can be no assurance that they will have the
expected consequences to, or effects on, us. Factors that could
cause actual results or events to differ materially from current
expectations include, among other things, uncertainties relating to
the availability and cost of funds; closing the Rights Offering;
delays in obtaining or failure to obtain required approvals to
complete the Rights Offering; the uncertainty associated with
estimating costs to complete the Rights Offering, including those
yet to be incurred; and other risks related to our business and the
Rights Offering. Any forward-looking statement speaks only as of
the date on which it is made and, except as may be required by
applicable securities laws, we disclaim any intent or obligation to
update any forward-looking statement, whether as a result of new
information, future events or results or otherwise. Although we
believe that the assumptions inherent in the forward-looking
statements are reasonable, forward-looking statements are not
guarantees of future performance and, accordingly, undue reliance
should not be put on such statements due to their inherent
uncertainty.
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.
SOURCE MAS Gold Corp