By Sheri Kasprzak
New York, Feb. 2 - Anaconda Gold Corp. said it priced a C$1,614,500 private placement.
The company issued 2,483,847 units at C$0.65 each.
The deal was oversubscribed by 483,847 units.
The units consist of one share and one half-share warrant The whole warrants are exercisable at C$0.75 each for 18 months.
The offering was priced on Jan. 23 as a C$1.3 million placement.
Proceeds will be used for exploration on the company's Pine Cove project in Newfoundland and for working capital.
Based in Toronto, Anaconda is a gold exploration and development company.
| Issuer: | Anaconda Gold Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$1,614,500
|
| Units: | 2,483,847
|
| Price: | C$0.65
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.75
|
| Placement agent: | Non-brokered
|
| Investors: | Northfield Capital Corp. and Middlemarch Partners (lead investors)
|
| Pricing date: | Jan. 23
|
| Settlement date: | Feb. 2
|
| Stock symbol: | TSX Venture: ANX
|
| Stock price: | C$0.83 at close Jan. 23
|
| Stock price: | C$0.69 at close Feb. 1
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