By Laura Lutz
Des Moines, March 26 - Erdene Gold Inc. arranged a private placement of shares for C$10 million.
The company plans to sell up to 10 million for C$1.00 each.
National Bank Financial will act as lead underwriter for a syndicate that also includes Wellington West Capital Markets Inc.
Proceeds will be used to advance the company's Zuun Mod molybdenum project and for general exploration and corporate purposes.
Settlement is expected on April 12.
Erdene is a mineral exploration company based in Halifax, N.S.
| Issuer: | Erdene Gold Inc.
|
| Issue: | Shares
|
| Amount: | C$10 million
|
| Shares: | 10 million
|
| Price: | C$1.00
|
| Warrants: | No
|
| Investor: | National Bank Financial (lead), Wellington West Capital Markets Inc.
|
| Pricing date: | March 26
|
| Settlement date: | April 12
|
| Stock symbol: | Toronto: ERD
|
| Stock price: | C$1.15 at close March 23
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
