Stakeholder Gold Corp.
TSX VENTURE : SRC

Stakeholder Gold Corp.

July 22, 2011 11:54 ET

Stakeholder Arranges $2.5 Million Private Placement

DAWSON CITY, YUKON--(Marketwire - July 22, 2011) - Stakeholder Gold Corp. (TSX VENTURE:SRC) is pleased to announce that it has received conditional approval from the TSX Venture Exchange (the "Exchange") for a non-brokered private placement for up to 7,142,858 units at a purchase price of $0.35 per unit for gross proceeds of up to $2,500,000 with each unit consisting of one common share and one half a share purchase warrant. Each full warrant will entitle the holder to purchase one common share at a price of $0.50 per share for a period of 12 months from closing.

The securities to be sold under the private placement will be issued pursuant to exemptions from the prospectus and registration 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 private placement will be used by Stakeholder for general working capital and to conduct exploration work on its properties. Finder's fees will be payable to eligible agents within the Exchange guidelines.

About Stakeholder Gold Corp.:

Stakeholder is a newly listed company created by the spin out of Hinterland Metals Inc.'s Yukon gold assets. Its main project is the drill-ready, fully permitted Ballarat gold property located in the White Gold district of Yukon approximately 90km south of Dawson City.

This release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in the Company's periodic reports including the annual report or in the filings made by the Company from time to time with securities regulators. The Company undertakes no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of an unanticipated event.

Shares Issued: 26,326,641

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

  • Stakeholder Gold Corp.
    Mark Fekete
    President and CEO
    Toll Free 1-800-610-9552 or 778-785-3159