Viscount Announces $2 Million Private Placement to Advance Silver Cliff

VANCOUVER, BRITISH COLUMBIA VLMGF, (Marketwired Apr 25, 2016) Viscount Mining Corp. (TSX VENTURE:VML) (OTCQB:VLMGF) ( Viscount or the Company ) is pleased to announce a Brokered Private Placement (the Private Placement ) and has engaged Gravitas Securities Inc. ( GRAVITAS or the Agent ) to complete a best efforts private placement to fund an assessment of its Silver Cliff property in Colorado. The private placement is for 4,000,000 units (each Unit ) at a purchase price of $0.50 per Unit, for aggregate gross proceeds to the Company of up to $2,000,000. Each Unit consists of one (1) common share ( Common Share ) of the Company and one (1) non-transferable share purchase warrant ( Warrant ). Each Warrant will entitle the holder to acquire one (1) Common Share at an exercise price of $0.70 for a period of 24 months from the closing date of the Private Placement. In the event that the Company s common shares trade at a closing price on the Exchange of greater than $0.85 per share for a pe
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