/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
ROUYN-NORANDA, QC,
Dec. 28, 2017 /CNW Telbec/ - Visible Gold Mines Inc. (TSXV:
VGD) (Frankfurt: 3V4) is
pleased to announce that it has completed a private placement by
issuing 2,600,000 "flow-through" units at a price of $0.10 per unit, for gross proceeds to Visible
Gold Mines of $260,000. Each of
the units is comprised of one "flow-through" common share and one
common share purchase warrant. Each warrant will entitle the holder
to acquire one additional common share of Visible Gold Mines at a
price of $0.15 until
December 28, 2022.
Visible Gold Mines will use the proceeds from the private
placement for exploration on certain of its properties in
Québec.
As a result of the private placement, there are 15,188,789
common shares of Visible Gold Mines issued and outstanding on
a non-diluted basis. Under applicable securities legislation
and the policies of the TSX Venture Exchange, the securities issued
in the private placement are subject to a four-month hold period,
expiring on April 29, 2018.
About Visible Gold Mines
Visible Gold Mines is a vibrant company actively exploring for
the next major gold deposit in northwestern Québec, considered one
of the world's best jurisdictions for mining and exploration.
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 the release.
SOURCE Visible Gold Mines Inc.