Edmonton, Alberta–(Newsfile Corp. – September 25, 2020) – Exploits Discovery Corp. (CSE: NFLD)(the “Company” or “Exploits“) is pleased to announce that it has closed its first tranche of the previously announced private placement financing (the “Financing”) of 5,828,572 units (the “Units“) at a price of $0.35 cents per unit (see the Company’s press release dated September 18, 2020), to raise gross proceeds of $2,040,000.
The common shares issued in connection with the Financing are subject to a four-month hold period expiring January 26, 2021. Completion of the Financing is subject to approval of the Canadian Securities Exchange.
About Exploits Discovery Corp.
Exploits Discovery Corp. is a Canadian mineral exploration company focused on the acquisition and development of mineral projects in Newfoundland, Canada. The Company holds the Middle Ridge, True Grit, Great Bend, Mt. Peyton, Jonathan’s Pond, and Gazeebow projects, which cumulatively cover an area of 1,760 km2. All projects within Exploits’ portfolio lie within the Exploits Subzone and Gander River Ultramafic Belt (GRUB) of the Dunnage Zone, which contain the majority of Newfoundland’s gold mineral occurrences and exploration efforts, including New Found Gold’s 2019 discovery of 92.86 g/t Au over 19.0 meters near surface. The Exploits Subzone and GRUB regions have been the focus of major staking and financing throughout 2020, with increased exploration activities forecasted in the area moving into 2021.
ON BEHALF OF THE BOARD
/s/ “Michael Collins “
President and CEO
For further information, please contact:
Michael Collins, CEO
Tel: (604) 681-3170