July 16, 2015
Vancouver, British Columbia.
Altair Gold Inc.(“Altair”) –TSX-V: AVX.
Zip Dhanani, CEO & Chairman is pleased to announce that the Company is arranging a non-brokered private placement of up to 20,000,000 units (the “Units”) at a price of $0.05per Unit, for gross proceeds of up to $1,000,000 (the “Offering”). Each Unit iscomprised of one common share and one share purchase warrant. Each share purchase warrant (a “Warrant”) entitles the holder to acquire one additional common share for a period of fiveyears at a price of $0.07.
In connection with the Offering, subject toregulatory approval, the Company will pay certain eligible finders finder’sfee for units sold in the Offering, at the discretion of Altair.
Proceeds of the placement will be applied to the Company’s general working capital and new acquisition.
All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities law. The Offering is subject to a number of conditions including receipt of all necessary corporate and regulatory approvals, including approval of the TSX Venture Exchange.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Zahir (Zip) Dhanani
President and Chief Executive Officer
Altair Gold Inc.
Phone: (604) 290-4331