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Columbus Gold has announced a non-brokered private placement

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The company is looking to raise gross proceeds of up to $1,000,000 from the placement of up to 6,250,000 units priced at $0.16 per unit. Each unit consists of one share and one half a warrant with each full warrant exercisable at $0.32 for 18 months.

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Additional Information:

Company: Columbus Gold
Website: http:// www.ColumbusGold.com
Stock Symbol: TSX: CGT
Date Published: Aug 8, 2019
Transcript: Available

Video Transcript:

I’m Nadika Viswakula for Investmentpitch Media

Columbus Gold has announced a non-brokered private placement.

The company is looking to raise gross proceeds of up to $1,000,000 from the placement of up to 6,250,000 units priced at $0.16 per unit.

Each unit consists of one share and one half a warrant with each full warrant exercisable at $0.32 for 18 months.

The shares are currently trading at $0.15.

The proceeds will be used for exploration and general working capital purposes.

Columbus is French Guiana’s leading gold exploration and development company.

The company holds a major interest in the world-class Montagne d'Or gold deposit.

A feasibility study for Montagne d'Or was filed in May 2017, and the mine permitting process is currently underway.

Columbus is also earning into the Maripa gold exploration project where past drilling has returned excellent near surface results, including 36 meters of 4.3 grams per tonne gold.

In April, the company signed a Letter of Intent to acquire a pending exploration permit for the Rhea project from a third party as part of its strategy to consolidate a portfolio of high-quality gold exploration projects in French Guiana.

The exploration permit covers the core of one of the most prominent placer gold mining districts in French Guiana

Rock Lefrançois, President and CEO, stated: "We are very excited of the addition of this early-stage gold play, which diversifies Columbus’ portfolio in French Guiana in combination with the Montagne d’Or mine development project and the more advanced-stage Maripa exploration project. Our initial evaluation has highlighted a very favorable setting for a large gold system.”

For more information, please visit the company’s website at www.ColumbusGold.com, contact investor relations at 604-634-0970 or by email at info@ColumbusGold.com.

I’m Nadika Viswakula for Investmentpitch Media