By Sheri Kasprzak
Atlanta, March 3 - Energold Mining Ltd. said it has closed a private placement of units for C$3 million.
The company sold 2.4 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.
Acumen Capital Finance Partners Ltd. was the placement agent.
Based in Vancouver, B.C., Energold is a diamond exploration company. It plans to use the proceeds for general 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$3 million
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| Units: | 2.4 million
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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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| Settlement date: | March 3
|
| Stock price: | C$1.35 at close Feb. 10
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| Stock price: | C$1.85 at close March 3
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