By Sheri Kasprzak
New York, Sept. 5 - Goldbelt Resources Ltd. priced a C$7.98 million private placement.
The offering includes up to 7.6 million shares at C$1.05 each.
Placement agents Dundee Securities Corp., Sprott Securities Inc. and Haywood Securities Inc. have a greenshoe for up to 1 million additional shares.
Proceeds will be used for exploration and development on the company's West African properties. The remainder will be used for general corporate purposes and working capital.
Based in Toronto, Goldbelt is a gold exploration company.
| Issuer: | Goldbelt Resources Ltd.
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| Issue: | Stock
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| Amount: | C$7.98 million
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| Shares: | 7.6 million
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| Greenshoe: | For 1 million shares
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| Price: | C$1.05
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| Warrants: | No
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| Placement agent: | Dundee Securities Corp., Sprott Securities Inc. and Haywood Securities Inc.
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| Pricing date: | Sept. 5
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| Stock symbol: | TSX Venture: GLD
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| Stock price: | C$1.19 at close Sept. 5
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