Deal conducted in connection with acquisitions of properties, Corado
By Devika Patel
Knoxville, Tenn., Sept. 6 - Legend Gold Corp. said it completed a C$6.3 million non-brokered private placement of units.
The company sold 20,993,733 units of one common share and one warrant at C$0.30 per unit.
Each five-year warrant will be exercisable at C$0.55, an 816.67% premium to the Sept. 5 closing share price of C$0.06.
The deal was conducted in connection with the company's completed acquisition of several properties in Mali from Endeavour Mining Corp. and the acquisition of Corado Resources Corp.
Sprott Inc. was paid a finder's fee of 1,052,450 units.
Toronto-based Legend is a gold exploration company.
| Issuer: | Legend Gold Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$6,298,120
|
| Units: | 20,993,733
|
| Price: | C$0.30
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | C$0.55
|
| Agent: | Non-brokered
|
| Settlement date: | Sept. 6
|
| Stock symbol: | TSX Venture: LGN
|
| Stock price: | C$0.06 at close Sept. 5
|
| Market capitalization: | C$4.44 million
|
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