SCC is seeking to raise seed capital from the sale of hard dollar common share units. Proceeds will be used to advance the Sungold Property, complete the work necessary to obtain a listing on the Canadian Stock Exchange (CSE) and for other working capital requirements. Another objective of this offering is to acquire 150 registered shareholders – the minimum required to obtain a listing on the CSE.
| Securities Offered1. |
1. Hard Dollar Common Share Units, comprised of 1 common share and 1 common share warrant.
2. Flow-Through Common Share Units, comprised of 1 flow-through common share and 1 common share warrant. |
| PRICE |
$.20 for each Hard Dollar Common Share Unit and $.30 for each Flow-Through Common Share Unit. |
| WARRANT FEATURES |
The Hard Dollar Common Share Unit warrants are priced at $.25 and Flow-Through Common Share Unit warrants are priced at $.35.
All warrants expire on December 31, 2023, subject to price-triggered acceleration at SCC’s discretion.2 |
| OFFERING SIZE |
There is no minimum. The maximum is $700,000 ($400,000 in Common Share Units and $300,000 in Common Share Flow-Through Units). |
| INVESTMENT LIMITS |
An investor must invest a minimum of $1,500 (7,500 Units or 5,000 Flow-Through Units). |
| Use of Proceeds | Maximum Raise |
|---|
| Working Capital2. |
$300,000 |
| Exploration Costs |
$400,000 |
| Total Funds |
$700,000 |
NOTES
- Please review the company’s offering documentation for complete details. This presentation is intended for information purposes only (see “Disclaimer” on Slide 2).
- The Warrants and Flow-Through Warrants (the “Warrants”) are subject to acceleration should SCC’s Common Shares trade on an exchange for five (5) or more consecutive days at a price of $0.40 or greater. In such event, SCC may, at its option, provide written notice to the holder requiring that the Warrants be exercised within 30 days of the date of the notice, failing which the Warrants shall immediately thereafter expire.
- Includes all fees, including commissions (if any) associated with this Investment Round.
