Edgewater Closes Non-Brokered Private Placement
January 08 2014 - 3:25PM
Marketwired
Edgewater Closes Non-Brokered Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 8, 2014) -
Edgewater Exploration Ltd. ("Edgewater" or the "Company")
(TSX-VENTURE:EDW) is pleased to announce the Company has closed the
previously announced non-brokered private placement of $790,000
("private placement").
The private placement consisted of the Company issuing
15,800,000 units (the "Units") at a price of $0.05 per Unit for
gross proceeds of $790,000. Each Unit will consist of one common
share and one common share purchase warrant. Each warrant will
entitle the holder to acquire an additional common share for $0.10
for a period of 5 years from the date of closing. The proceeds of
the financing will be used for general working capital. After
closing the private placement financing Edgewater has 104.7 million
shares issued and outstanding.
The shares issued in connection with the private placement have
a four month hold period ending on May 09, 2014. Edgewater paid
finder's fees totalling $15,000 in cash and issued 100,000 Units in
connection with the private placement.
About Edgewater Exploration Ltd.
Edgewater is a mineral development and exploration company
focused on the development of precious metal properties. Edgewater
has an experienced mine building and operating team with a track
record of success. The Company is currently developing the
Corcoesto Gold Project in northwest Spain, and exploring the Enchi
Gold Project in Ghana, West Africa.
On behalf of the board of EDGEWATER EXPLORATION LTD.
George Salamis, President and CEO
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.
Edgewater Exploration Ltd.Ryan KingVice President(604)
628-1012rking@edgewaterx.com