Non-brokered deal sells 5 million units of shares, warrants at C$0.20
By Devika Patel
Knoxville, Tenn., Sept. 12 – Freegold Ventures Ltd. said it raised C$1 million in a non-brokered private placement of units.
The company sold 5 million units of one common share and a warrant at C$0.20 per unit. Each three-year warrant is exercisable at C$0.25 in the first two years and at C$0.30 in the last year. The strike prices are 38.89% and 66.67% premiums to the Sept. 11 closing share price of C$0.18.
Freegold is a gold exploration company based in Vancouver, B.C.
| Issuer: | Freegold Ventures Ltd.
|
| Issue: | Units of one common share and a warrant
|
| Amount: | C$1 million
|
| Units: | 5 million
|
| Price: | C$0.20
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Three years
|
| Warrant strike prices: | C$0.25 in the first two years, C$0.30 in the last year
|
| Agent: | Non-brokered
|
| Settlement date: | Sept. 12
|
| Stock symbol: | Toronto: FVL
|
| Stock price: | C$0.18 at close Sept. 11
|
| Market capitalization: | C$15.65 million
|
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