Proceeds to be used for exploration and general corporate purposes
By Wendy Van Sickle
Columbus, Ohio, April 29 – Lago Dourado Minerals Ltd. said it plans a C$1.2 million non-brokered private placement of common shares.
The company will sell up to 12 million subscription receipts for one common share each at C$0.10 apiece.
The price is a 23.1% discount to the stock’s closing price of C$0.13 on April 28.
Proceeds will be used for exploration and for general corporate purposes.
Lago Dourado is a Toronto-based gold explorer.
| Issuer: | Lago Dourado Minerals Ltd.
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| Issue: | Common shares
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| Amount: | C$1.2 million
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| Units: | 12 million
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| Price: | C$0.10
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| Agent: | Non-brokered
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| Announcement date: | April 29
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| Stock symbol: | TSX Venture: LDM
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| Stock price: | C$0.13 at close April 28
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| Market capitalization: | C$1.18 million
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