By Sheri Kasprzak
New York, July 12 - Allied Nevada Gold Corp. has increased to C$17,001,600 its previously announced C$15 million private placement.
The company now plans to sell 3.696 million units at C$4.60 each.
The units consist of one share and one warrant. The warrants are exercisable at C$5.75 each for two years.
The offering priced on June 25 as a C$15 million offering of 3,260,870 units under the same terms.
Proceeds form the non-brokered deal will be used for mine development, working capital and general corporate purposes.
Located in Reno, Nev., Allied is a gold exploration company.
| Issuer: | Allied Nevada Gold Corp.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$17,001,600
|
| Units: | 3.696 million
|
| Price: | C$4.60
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$5.75
|
| Placement agent: | Non-brokered
|
| Pricing date: | June 25
|
| Upsized: | July 12
|
| Stock symbol: | Toronto: ANV
|
| Stock price: | C$4.73 at close July 11
|
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