By Devika Patel
Knoxville, Tenn., Dec. 24 - Erdene Gold Inc. said it has raised C$1.05 million in a private placement of shares. The deal was announced on Oct. 3.
The company sold 1 million common shares at C$1.05 per share to Xstrata Coal Canada Ltd., bringing Xstrata Coal's interest in Erdene to approximately 6%.
Erdene Gold is a mineral exploration company based in Halifax, N.S.
| Issuer: | Erdene Gold Inc.
|
| Issue: | Common shares
|
| Amount: | C$1.05 million
|
| Shares: | 1 million
|
| Price: | C$1.05
|
| Warrants: | No
|
| Investor: | Xstrata Coal Canada Ltd.
|
| Pricing date: | Oct. 3
|
| Settlement date: | Dec. 24
|
| Stock symbol: | Toronto: ERD
|
| Stock price: | C$1.22 at close Oct. 3
|
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