By Devika Patel
Knoxville, Tenn., Nov. 26 - Golden Band Resources Inc. said it plans a C$5 million non-brokered private placement of shares.
The company will sell 10 million flow-through common shares at C$0.50 apiece.
The company will pay a 7% cash finder's fee for this deal.
Proceeds will be used for exploration.
Golden Band is a gold exploration company based in Saskatoon, Saskatchewan.
Issuer: | Golden Band Resources Inc.
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Issue: | Flow-through common shares
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Amount: | C$5 million
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Shares: | 10 million
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Price: | C$0.50
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Warrants: | No
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Agent: | Non-brokered
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Fees: | 7% in cash
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Pricing date: | Nov. 22
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Stock symbol: | Toronto: GBN
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Stock price: | C$0.42 at close Nov. 22
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