By Sheri Kasprzak
New York, Aug. 16 - Crew Gold Corp. said it has completed a private placement of shares for NOK 204,225,000.
The company sold 19.45 million shares at NOK 10.50 each to institutional and private investors.
The closing of the deal is expected to occur between Aug. 31 and Sept. 5.
Pareto Securities is the placement agent.
The proceeds will be used to fund expansion and to increase financial flexibility.
Based in London, Crew is a gold exploration company.
| Issuer: | Crew Gold Corp.
|
| Issue: | Stock
|
| Amount: | NOK 204,225,000
|
| Shares: | 19.45 million
|
| Price: | NOK 10.50
|
| Warrants: | No
|
| Placement agent: | Pareto Securities
|
| Announcement date: | Aug. 16
|
| Settlement date: | Aug. 31 to Sept. 5
|
| Stock price: | NOK 10.70 at close Aug. 15
|
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