By Devika Patel
Knoxville, Tenn., Oct. 2 - Golden River Resources Corp. completed the second tranche of an $8.5 million private placement of stock with Northern Capital Resources Corp. for $929,000 on Sept. 30, according to an 8-K filed Friday with the Securities and Exchange Commission. The company raised $4.13 million in the first tranche on Sept. 3.
The company is selling 85 million common shares at $0.10 per share. It sold 41,276,710 shares in the first tranche and 9.29 million shares in this tranche.
Proceeds will be used to fund the company's planned acquisition of Acadian Mining Corp. shares and for working capital.
Based in Melbourne, Australia, Golden River is a gold exploration company.
| Issuer: | Golden River Resources Corp.
|
| Issue: | Common stock
|
| Amount: | $8.5 million
|
| Shares: | 85 million
|
| Price: | $0.10
|
| Warrants: | No
|
| Investor: | Northern Capital Resources Corp.
|
| Settlement date: | Sept. 3 (for $4,127,671), Sept. 30 (for $929,000)
|
| Stock symbol: | OTCBB: GORV
|
| Stock price: | $0.10 at close Sept. 3
|
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