Non-brokered deal conducted at C$0.25 per share to finance exploration
By Devika Patel
Knoxville, Tenn., Nov. 2 - Mahdia Gold Corp. said it has arranged a C$3.5 million non-brokered private placement of stock.
The company will sell 14 million common shares at C$0.25 apiece. The price per share is identical to the Nov. 2 closing share price.
Proceeds will be used for exploration activities in Guyana and general working capital.
Mahdia is a gold exploration company based in Mississauga, Ont.
| Issuer: | Mahdia Gold Corp.
|
| Issue: | Common stock
|
| Amount: | C$3.5 million
|
| Shares: | 14 million
|
| Price: | C$0.25
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Nov. 2
|
| Stock symbol: | CNSX: MGD
|
| Stock price: | C$0.25 at close Nov. 2
|
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