TSX-V-listed gold and silver exploration company StrikePoint Gold Incorporated has completed a nonbrokered private placement financing to a single subscriber, Eric Sprott, raising gross proceeds of $1.95-million through the issuance of up to 23-million units at a price of $0.085 apiece.
Each unit comprises one common share of the company and one-half share purchase warrant with each whole warrant, entitling the holder to acquire an additional common share of the company at a price of $0.12 apiece, for a period of 24 months from the date of closing.