Clarity Gold Corp Closes $647,400 Financing - Appoints Chief Geologist

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Vancouver - British Columbia - Canada

VANCOUVER, British Columbia - Aug. 12, 2020 - PRLog -- Clarity Gold Corp.'s board of directors has formed an advisory board and has named accomplished mining sector professional Ian Graham as its first member. Mr. Graham has over 20 years of experience in the development and exploration of mineral projects. His expertise in corporate transactions, project evaluations and exploration will be an asset to Clarity.

Mr. Graham's experience is mostly at major mining companies, namely Rio Tinto and Anglo American, including as chief geologist with the project generation group at Rio Tinto. He has been involved with evaluation and predevelopment work on several projects in Canada and abroad, including Resolution Copper (Arizona, United States), Diavik Diamond Mine (Northwest Territories, Canada), Eagle Nickel (Michigan, United States), Lakeview Nickel (Minnesota, United States) and Bunder Diamonds (India). Mr. Graham's experience in the junior sector is mostly in C-level positions and includes exploration start-ups that have made new discoveries or acquired overlooked discoveries in base and precious metals and industrial commodities (graphite and potash). He is a passionate believer in the positive social and economic benefits of responsible resource development and is a proponent for the deployment of venture capital for the expansion of the global resource base. Mr. Graham studied geology at the University of Regina and earned a BSc (honours) in geology at the University of KwaZulu Natal in South Africa.

"I look forward to contributing to Clarity as the company works toward reaching its corporate milestones," Mr. Graham stated. "Clarity has a solid team, and I'm honoured to help the company continue creating value for its shareholders."

Closing of private placement

Further to the company's news release July 22, 2020, Clarity wishes to announce the closing of a non-brokered private placement, whereby the company issued 2,158,000 units at a price of 30 cents per unit for aggregate gross proceeds of $647,400.

Each unit is composed of one share and one-half of one share purchase warrant, with each warrant entitling the holder to acquire one share at a price of 35 cents per warrant share for a period of two years following the closing of the offering.

About Clarity Gold Corp.

Clarity is a Canadian mineral exploration company focused on the acquisition, exploration and development of gold projects in Canada. The company is focused on the exploration of its 10,518-hectare Empirical project, located approximately 12 kilometres south of Lillooet, B.C., and has recently expanded its mineral property portfolio with the acquisitions of the Tyber and Gretna Green projects, both located on Vancouver Island, British Columbia.
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