Brief: Corridor Resources Provides Update On Previously Announced Financing

Headwater Exploration

16/01/2020 14:47

Jan 16 (Reuters) - Corridor Resources Inc  CDH.TO :
    * CORRIDOR RESOURCES PROVIDES UPDATE ON PREVIOUSLY ANNOUNCED
FINANCING
    * CORRIDOR RESOURCES- NEIL ROSZELL, JASON JASKELA, OTHERS
AGREED
TO NON-BROKERED PRIVATE PLACEMENT OF CO'S UNITS FOR GROSS
PROCEEDS OF $20 MILLION
    * CORRIDOR RESOURCES-  NEIL ROSZELL, JASON JASKELA, OTHERS
AGREED
FOR APPOINTMENT OF NEW MANAGEMENT TEAM & RECONSTITUTION OF CO'S
BOARD
    * CORRIDOR RESOURCES- NEIL ROSZELL, JASON JASKELA, OTHERS
AGREED
TO BROKERED PRIVATE PLACEMENT OF CO'S SHARES FOR PROCEEDS OF UP
TO $30 MILLION
    * CORRIDOR RESOURCES- WILL ISSUE SUBSCRIPTION RECEIPTS
INSTEAD OF
SHARES PURSUANT TO BROKERED PRIVATE PLACEMENT
    * CORRIDOR RESOURCES- IF MEETING IS HELD, ANTICIPATED THAT
SHAREHOLDERS OF CO WILL BE ASKED TO APPROVE CHANGE OF CO'S NAME
TO HEADWATER EXPLORATION INC.

Source text for Eikon:  ID:nCNWXmsG1a 
Further company coverage:  CDH.TO 

 ((Reuters.Briefs@thomsonreuters.com;))