Meadow Bay Gold Announces Increase In Size Of Private Placement

Tags: Mining

Vancouver, BC / TheNewswire / November 8, 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 releases of September 27 and October 20, 2017, it has increased the size of its non-brokered private placement to up to 26,000,000 units (the "Units") offered at a price of Cdn$0.05 per Unit to raise gross proceeds of up to Cdn$1,300,000 (the "Private Placement"). Each Unit will consist of one (1) common share in the capital of the Company and one-half (1/2) of one (1) share purchase warrant (each whole warrant, a "Warrant"), with each Warrant being exercisable for two years to purchase one additional common share (a "Warrant Share") at a price of Cdn$0.10 per Warrant Share.

The Company plans to use the net proceeds of the Private Placement for general working capital purposes.

For further information please contact:

Meadow Bay Gold Corporation

Robert Dinning, Chairman and Director
Tel: 604-641-4450

Matthew Harrington, Launch IR
Tel: 613-882-7467

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.

Copyright (c) 2017 TheNewswire - All rights reserved.

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