Stakeholder Gold Corp.
TSX VENTURE : SRC

Stakeholder Gold Corp.

November 18, 2011 16:00 ET

Stakeholder Arranges $1,200,000 Brokered Private Placement

VAL D'OR, QUEBEC--(Marketwire - Nov. 18, 2011) - NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO U.S NEWSWIRE SERVICES

Stakeholder Gold Corp. ("Stakeholder")(TSX VENTURE:SRC) announces the appointment of Union Securities Ltd. ("Union") to act as its agent, on a commercially reasonable basis, to offer, by way of a brokered private placement, 7,058,824 units (the "Units") at a price of $0.085 per Unit and 7,058,824 flow-through units (the "FT Units") at a price of $0.085 per FT Unit for aggregate total gross proceeds of up to $1,200,000 (the "Offering").

Each Unit will consist of one common share and one common share purchase warrant (a "Warrant") and each FT Unit will consist of one flow-through common share and one-half of one Warrant. Each whole Warrant in both the Units and FT Units will entitle the holder to acquire, upon exercise, one common share at a price of $0.20 per share for a period of 18 months from the closing date of the Offering.

The securities sold under the Offering will be issued pursuant to exemptions from the prospectus requirements of applicable securities laws, subject to the receipt of necessary regulatory approvals and to a four month hold period from closing. The proceeds from the Offering will be used by Stakeholder for general working capital and to conduct exploration work on its properties. Agency fees will be payable according to TSX Venture Exchange guidelines.

Stakeholder's securities will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or applicable state securities laws, and may not be offered or sold in the United States or to "U.S. persons", as such term is defined in Regulation S promulgated under the U.S. Securities Act, absent registration or an applicable exemption from such registration requirements.

Shares Issued: 27,146,641

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.

Contact Information

  • Mark Fekete
    President and CEO
    Toll Free: 1-877-874-8182