Published on 11/30/2009 in the Prospect News PIPE Daily.
New Issue: Hawthorne Gold lifts placement of flow-through stock to C$1.86 million
By Devika Patel
Knoxville, Tenn., Nov. 30 - Hawthorne Gold Corp. said it has increased a non-brokered private placement of stock to C$1.86 million from C$1 million. The deal priced Nov. 20.
The company will now sell 4,546,585 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.
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Issue: | Flow-through shares
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Amount: | C$1,864,100
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Shares: | 4,546,585
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Price: | C$0.41
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Warrants: | No
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Agent: | Non-brokered
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Pricing date: | Nov. 20
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Upsized: | Nov. 26
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Stock symbol: | TSX Venture: HGC
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Stock price: | C$0.34 at close Nov. 20
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Market capitalization: | C$25.5 million
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