/ / / BUSINESS: P2 Gold Announces Flow-Through Financing
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BUSINESS: P2 Gold Announces Flow-Through Financing

By Daniel Webster, dWeb.News Publisher

| Source: P2 Gold Inc.



VANCOUVER, British Columbia, Sept. 15, 2021 (GLOBE NEWSWIRE) — P2 Gold Inc. (“P2” or the “Company”) (TSX-V:PGLD) reports that it intends to complete a non-brokered private placement (the “Private Placement”) consisting of up to 1,000,000 flow-through common shares in the capital of the Company (the “Common Shares”) that qualify as flow-through shares for purposes of the Income Tax Act (Canada), at a price of $0. 50 per Common Share for gross proceeds of up to $500,000.

The gross proceeds of the Private Placement will be used to fund exploration expenditures on the BAM Property and for other Canadian Exploration Expenses that will qualify as “flow through mining expenditures” as defined in subsection 127(9) of the Income Tax Act (Canada), and “BC flow-through mining expenditures”, as defined in the Income Tax Act (British Columbia).

The Private Placement will close upon completion of documentation. It is subject to all regulatory approvals including approval by the Exchange. Accredited investors from all provinces of Canada will be able to participate in the Private Placement according to applicable securities laws. Securities issued pursuant the Private Placement are subject to a four month hold period. The securities offered pursuant to the Private Placement have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such Act.

About P2 Gold Inc.

P2 is a mineral exploration and development company focused on advancing precious metals and copper discoveries and acquisitions in the western United States and British Columbia.

For further information, please contact:

Joseph Ovsenek

President & CEO

(778) 731-1055

P2 Gold Inc.

Suite 1100, 355 Burrard Street

Vancouver, BC

V6C 2G8

(SEDAR filings: P2 Gold Inc.)

Michelle Romero

Executive Vice President

(778) 731-1060

Neither the TSX Venture Exchange (the “Exchange”) nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Information

This press release contains “forward-looking information” within the meaning of applicable securities laws that is intended to be covered by the safe harbours created by those laws. Forward-looking information includes statements that include forward-looking terminology, such as “may”,” “will”,” “anticipate”,”believe”,”continue”, or similar terminology. These forward-looking statements include, without limitation: statements about the use of proceeds and the renunciation of Canadian Exploration Expenses, information regarding the Company’s plans, expectations, strategies, and plans, including information concerning the Company’s planned exploration expenditures and activities.

Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management at the date the statements are made. Forward-looking information is subject to a number of unknown and potential risks. These factors could cause actual plans, intentions and activities, results or achievements of the Company, as well as any future plans, plans, intentions and activities. See “Risk Factors” in the Company’s annual information form dated August 9, 2021 filed on SEDAR at for a discussion of these risks.

The Company warns that forward-looking information cannot be guaranteed to be accurate as actual results or future events may differ from those predicted. Investors should not place undue dependence on forward-looking statements.

The Company is not required to make public any revisions to forward looking information in this press release. This release does not reflect any events or circumstances that have occurred after the date.

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