Synergy Acquisition Corp.

CNSX : QMP


Synergy Acquisition Corp.

December 06, 2013 08:30 ET

Synergy Acquisition Corp. Announces Non-Brokered Private Placement

MONTREAL, QUEBEC--(Marketwired - Dec. 6, 2013) - Synergy Acquisition Corp. (the "Corporation") (CNSX:QMP) is pleased to announce a non-brokered Private Placement of 1,500,000 units (the "Units") at a price of $0.20 per Unit for gross proceeds of $300,000. Each unit will consist of one common share of the Corporation to be issued as a "flow-through share" and one non flow-through common share purchase warrant (the "Warrant"). Each Warrant is exercisable to acquire one common share of the Corporation that is not a "flow-through share" ("Common Share") at an exercise price of $0.30 per Common Share for a period of 24 months after the date of closing of the transaction.

The Corporation will pay a finder's fee equal to 9% of gross proceeds in cash and will issue 135,000 finder warrants.

Proceeds of the flow-through private placement will be used for Qualifying Canadian Exploration Expenses.

The private placement is subject to regulatory acceptance and approval.

About Synergy

Synergy targets the excellent mineral potential of Quebec to make discoveries of new world-class deposits. Synergy is the ideal partner for exploration companies as well as for capital pool companies looking for qualified transaction projects of merit. Synergy intends to enter into other agreements with respect to its properties. Management is currently evaluating other growth opportunities among its portfolio of mineral properties newly acquired to enhance shareholders' value in the short term.

This press release contains certain forward-looking statements that involve a number of risks and uncertainties, and there can be no assurance that such statements will prove accurate. As a result, actual results and future events could differ materially from those anticipated in such statements. These risks and uncertainties are described in the annual report and in the filings made by the Company with securities regulatory authorities.

Neither the CNSX Exchange nor its Regulation Services Provider accepts responsibility whatsoever for the adequacy or accuracy of this release.

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