By Sheri Kasprzak
Atlanta, Feb. 10 - Energold Mining Ltd. said it plans to raise up to C$2.5 million in a private placement.
The offering includes up to 2 million units at C$1.25 each. The units are comprised of one share and one half-share warrant. The whole warrants allow for an additional share at C$1.50 each through Dec. 31, 2005.
Vancouver, B.C.-based Energold is a diamond and silver exploration company. The proceeds from the offering will be used for working capital.
Issuer: | Energold Mining Ltd.
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Issue: | Units of one share and one half-share warrant
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Amount: | C$2.5 million (maximum)
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Units: | 2 million (maximum)
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Price: | C$1.25
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Warrants: | One half-share warrant per unit
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Warrant expiration: | Dec. 31, 2005
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Warrant strike price: | C$1.50
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Placement agent: | Acumen Capital Finance Partners Ltd.
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Pricing date: | Feb. 10
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Stock price: | C$1.35 at close Feb. 10
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