Warrant strike price is 300% premium to Sept. 10 closing share price
By Susanna Moon
Chicago, Sept. 14 – Star Gold Corp. sold $416,600 of units of one common share and one warrant in a private placement, according to a 10-Q filing with the Securities and Exchange Commission.
The company will sell units at $0.10 each, with each warrant exercisable no later than 60 months from issue at an exercise price of $0.20.
The strike price is a 300% premium to the company’s closing price on Sept. 10.
Star Gold is a gold explorer based in Coeur d’Alene, Idaho.
| Issuer: | Star Gold Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | $416,600
|
| Price: | $0.10 each
|
| Warrants: | One per unit
|
| Warrant expiration: | 60 months
|
| Warrant strike price: | $0.20
|
| Settlement date: | Sept. 11
|
| Stock symbol: | OTCBB: SRGZ
|
| Stock price: | $0.05 at close Sept. 10
|
| Market capitalization: | $1.83 million
|
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