Tickers: PINX:MAYGF, XTSE:MAY
Vancouver, BC / TheNewswire / October 20, 2017 - Meadow Bay Gold Corporation ("Meadow Bay Gold" or the "Company") (TSXV:MAY) (OTCQB:MAYGF) (Frankfurt: 20M, WKN A1C3DN) announces that further to its news release of September 27, 2017 announcing, among other things, the offering on a private placement basis (the "Private Placement") of units of the Company ("Units"), the Company has amended the terms of the Private Placement will now be offering up to 16,000,000 Units at the price of $0.05 per Unit to raise gross proceeds of up to $800,000. Each Unit will consist of one common share of the Company (a "Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"), with each Warrant entitling the holder to purchase an additional Share at a price of $0.10 per Share for a period of two years.
The Company may pay finder's fees in cash and issue finder's warrants in respect of a portion of the Private Placement. Net proceeds from the Private Placement will be used for general working capital.
For further information please contact:
Meadow Bay Gold Corporation www.meadowbaygold.com
Robert Dinning, Chairman and Director
Matthew Harrington, Launch IR
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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