By Devika Patel
Knoxville, Tenn., Nov. 20 - Hawthorne Gold Corp. said it will raise C$1 million in a non-brokered private placement of stock.
The company will sell 2,439,024 flow-through shares at C$0.41 per share.
Proceeds will be used for resource development and pre-production expenses at the company's Table Mountain Mine and its Taurus deposit.
Hawthorne Gold is a gold exploration and development company based in Vancouver, B.C.
| Issuer: | Hawthorne Gold Corp.
|
| Issue: | Flow-through shares
|
| Amount: | C$1 million
|
| Shares: | 2,439,024
|
| Price: | C$0.41
|
| Warrants: | No
|
| Agents: | Non-brokered
|
| Pricing date: | Nov. 20
|
| Stock symbol: | TSX Venture: HGC
|
| Stock price: | C$0.34 at close Nov. 20
|
| Market capitalization: | C$25.9 million
|
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