By Sheri Kasprzak
New York, Jan. 31 - MacMillan Gold Corp. said it intends to raise C$2 million in a non-brokered private placement.
The offering includes 8 million units at C$0.25 each.
The units consist of one share and one warrant. The warrants are exercisable at C$0.35 each for the first year and at C$0.50 each for the second year.
The deal is scheduled to close on Feb. 6.
Proceeds will be used for exploration and working capital.
Based in Toronto, MacMillan is a gold and silver exploration company.
| Issuer: | MacMillan Gold Corp.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$2 million
|
| Units: | 8 million
|
| Price: | C$0.25
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.35 for the first year; C$0.50 for the second year
|
| Placement agent: | Non-brokered
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 6
|
| Stock symbol: | TSX Venture: MMG
|
| Stock price: | C$0.25 at close Jan. 30
|
|
|
© 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.
