By Laura Lutz
Washington, Dec. 7 - Lateegra Gold Corp. settled a private placement of units for C$3.6 million.
The company sold 2.88 million units of one share and one transferable warrant at C$1.25 per unit. Each warrant will be exercisable at C$1.50 for two years.
Canaccord Capital Corp. acted as lead agent.
Proceeds will be used for exploration and development at the company El Picacho Mine in Mexico and the El Condor property in Ecuador and for working capital.
Lateegra is a mineral exploration company based in Vancouver, B.C.
| Issuer: | Lateegra Gold Corp.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$3.6 million
|
| Units: | 2.88 million
|
| Price: | C$1.25
|
| Warrants: | One per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$1.50
|
| Agent: | Canaccord Capital Corp.
|
| Settlement date: | Dec. 7
|
| Stock symbol: | TSX Venture: LRG
|
| Stock price: | C$1.54 at close Dec. 6
|
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