ROUYN-NORANDA, QC, Aug. 23,
2022 /CNW Telbec/ - Visible Gold Mines Inc.
(TSXV: VGD) (FRANKFURT: 3V41) is
pleased to announce that the TSX Venture Exchange has approved
Visible Gold's application for a one-year extension of the term of
3,900,000 common share purchase warrants ("Warrants") that
were issued by Visible Gold Mines as part of a private placement
that closed on September 4,
2020. Each warrant currently entitles its holder to purchase
one additional common share of Visible Gold Mines at an exercise
price of $0.25 until September 4, 2022.
The term of the warrants will be extended for another year to
September 4, 2023, for a total term
of three years. Visible Gold Mines issued a total of 4,000,000
Warrants in the September 4, 2020
private placement.
About Visible Gold Mines
Inc.
Visible Gold Mines is a corporation focused on gold in the
prolific Abitibi Gold Belt and the
James Bay region in the province
of Quebec. Visible Gold Mines has
33,827,039 common shares outstanding.
Neither 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 the release.
Forward-Looking
Statements
This news release contains statements that may constitute
"forward-looking information" within the meaning of applicable
Canadian securities legislation. Forward-looking information may
include, among others, statements regarding the future plans,
costs, objectives or performance of Visible Gold Mines, or the
assumptions underlying any of the foregoing. In this news release,
words such as "may", "would", "could", "will", "likely", "believe",
"expect", "anticipate", "intend", "plan", "estimate" and similar
words and the negative form thereof are used to identify
forward-looking statements. Forward-looking statements should not
be read as guarantees of future performance or results, and will
not necessarily be accurate indications of whether, or the times at
or by which, such future performance will be achieved. No assurance
can be given that any events anticipated by the forward-looking
information will transpire or occur,. Forward-looking information
is based on information available at the time and/or management's
good-faith belief with respect to future events and are subject to
known or unknown risks, uncertainties, assumptions and other
unpredictable factors, many of which are beyond Visible Gold Mines'
control. These risks, uncertainties and assumptions include, but
are not limited to, those described under "Financial Risks" and
"Risk Factors" in Visible Gold Mines' Annual Report for the fiscal
year ended July 31, 2021, a copy of
which is available on SEDAR at www.sedar.com, and could cause
actual events or results to differ materially from those projected
in any forward-looking statements. Visible Gold Mines does not
intend, nor does Visible Gold Mines undertake any obligation, to
update or revise any forward-looking information contained in this
news release to reflect subsequent information, events or
circumstances or otherwise, except if required by applicable
laws.
Website: www.visiblegoldmines.com
SOURCE Visible Gold Mines Inc.