By Devika Patel
Knoxville, Tenn., Nov. 13 - Hawthorne Gold Corp. said it completed a private placement of stock, raising C$2.36 million. The deal priced on Oct. 24 and was lifted to C$2.4 million from C$2 million on Oct. 30.
The company sold 11,787,500 flow-through common shares at C$0.20 per share.
It had planned to sell up to 12 million shares. It originally planned to sell 10 million shares.
J.F. Mackie & Co. Ltd. was the agent.
Proceeds will be used to fund the company's 2009 field work on its projects in British Columbia.
Hawthorne Gold is a Vancouver, B.C.-based gold exploration and development company with key properties located in British Columbia.
| Issuer: | Hawthorne Gold Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$2,357,500
|
| Shares: | 11,787,500
|
| Price: | C$0.20
|
| Warrants: | No
|
| Agents: | J.F. Mackie & Co. Ltd.
|
| Pricing date: | Oct. 24
|
| Upsized: | Oct. 30
|
| Settlement date: | Nov. 13
|
| Stock symbol: | TSX Venture: HGC
|
| Stock price: | C$0.19 at close Oct. 24
|
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