Winnipeg, Manitoba — February 4, 2016 — Wildcat Exploration Ltd. (“Wildcat” or the “Company”) (TSX.V: WEL) announces a non-brokered private placement of up to 15,000,000 units (“Units”) at a price of $0.035 per Unit for gross proceeds of up to $525,000 (the “Offering”). Each Unit will consist of one common share of the Company and one share purchase warrant (“Warrant”) with each Warrant exercisable to purchase one common share of the Company at a price of $0.05 per common share for a period of two years from the date of issue. The completion of the Offering is subject to the Company receiving all necessary regulatory approvals, including approval from the TSX Venture Exchange.
The proceeds of the Offering will be applied for general corporate purposes and for maintenance of its exploration properties in Manitoba.
In connection with the Offering, the Company may pay a finder’s fee of up to 10% of the gross proceeds raised from the financing, payable in regards to any particular finder, in cash or Units at the finder’s option, in connection with investors introduced by the finder to the Company.
The securities offered pursuant to the Offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any United States state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
For further information on Wildcat, please visit www.wildcat.ca or contact:
Wildcat Exploration Ltd.
John Knowles, President & CEO
Tel: (204) 294-2334
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.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release may contain “forward-looking information”, within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to Wildcat’s exploration program and plans. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Wildcat to be materially different from those expressed or implied by such forward-looking information. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Wildcat does not undertake to update any forward- looking information, except in accordance with applicable securities laws.