By Devika Patel
Knoxville, Tenn., Dec. 13 - Skygold Ventures Ltd. priced a non-brokered private placement of units to raise up to C$3.12 million.
The company will sell 2.4 million units at C$1.30 each. The units are comprised of one flow-through common share and one half-share warrant. The whole warrants are exercisable at C$1.75 for one year.
The company may pay finder's fees in cash and/or units and issue non-transferable finder's warrants on a portion of the deal.
Proceeds will be used for exploration.
Based in Vancouver, B.C., Skygold is a gold exploration company.
| Issuer: | Skygold Ventures Ltd.
|
| Issue: | Units of one flow-through common share and one half-share warrant
|
| Amount: | C$3.12 million
|
| Units: | 2.4 million
|
| Price: | C$1.30
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$1.75
|
| Agent: | Non-brokered
|
| Pricing date: | Dec. 12
|
| Stock symbol: | TSX Venture: SKV
|
| Stock price: | C$1.24 at close Dec. 12
|
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