ALLEGIANT Closes $4.95 Million Private Placement; Goldcorp Acquires 9.74% of ALLEGIANT
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FORDISSEMINATION IN THE UNITED STATES. VANCOUVER, British Columbia, Aug. 15, 2018 (GLOBE NEWSWIRE) -- Allegiant Gold Ltd. (“ALLEGIANT”) (AUAU:TSX-V) (AUXXF: OTCQX) is pleased to announce that it has closed the second and final tranche of the non-brokered private placement first announced on July 5th, 2018 (also see news releases of July 10th and July 16th). “Goldcorp’s investment is an endorsement of our team, our projects, and of our objective of making a significant new gold discovery,” said Robert Giustra, Chairman & CEO of ALLEGIANT. After Red Hills and over the next 10 to 12 months, ALLEGIANT plans to also drill the following five projects: Hughes Canyon, Monitor Hills, North Brown, Silverdome and Adularia Hill (a new target located approximately 12.5 kilometres south of the Original Zone gold deposit at the Eastside gold project).
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