Brascan Announces Closing of Third and Final Tranche Non-Brokered Private Placement of Units

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VANCOUVER, British Columbia, Feb. 11, 2022 (GLOBE NEWSWIRE) -- Brascan Gold Inc. (CSE:BRAS) (FRANKFURT: 5ZT; WKN: A3C5EX ) (“Brascan” or the “Company”) is pleased to announce that it has completed the third and final tranche (the “Third Tranche”) of its non-brokered private placement (the “Private Placement”) previously announced on October 13, 2021, of 1,593,500 units (the “Units”) at a price of $0.30 per Unit for gross proceeds of $478,050.00. Each Unit consists of one (1) share (each, a “Share”) and one-half-of-one (1/2) transferable Share purchase warrant (each, a “Warrant”). Each Warrant entitles the holder thereof to purchase one (1) additional Share of the Company for a period of two (2) years from closing at a price of $0.40 per Share, expiring February 11, 2024.