By Devika Patel
Knoxville, Tenn., Dec. 2 - Hawthorne Gold Corp. said it settled a C$1.76 million non-brokered private placement of stock. The deal priced Nov. 20 and was increased to C$1.86 million from C$1 million on Nov. 30.
The company sold 4,281,208 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$1,755,295
|
| Shares: | 4,281,208
|
| Price: | C$0.41
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Nov. 20
|
| Upsized: | Nov. 26
|
| Settlement date: | Dec. 2
|
| Stock symbol: | TSX Venture: HGC
|
| Stock price: | C$0.34 at close Nov. 20
|
| Market capitalization: | C$25.5 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
