By Sheri Kasprzak
New York, May 30 - Sutter Gold Mining Inc. wrapped a C$3,015,500 private placement.
The company issued 12,062,000 units at C$0.25 each.
The units are comprised of one share and one warrant. Each warrant is exercisable at C$0.35 for two years.
IBK Capital Corp. was the placement agent.
The proceeds will be used for exploration on Sutter's gold mine in California as well as for working capital.
Vancouver, B.C.-based Sutter is a gold exploration company.
| Issuer: | Sutter Gold Mining Inc.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$3,015,500
|
| Units: | 12,062,000
|
| Price: | C$0.25
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| Warrants: | One warrant per unit
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| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.35
|
| Placement agent: | IBK Capital Corp.
|
| Settlement date: | May 29
|
| Stock symbol: | TSX Venture: SGM
|
| Stock price: | C$0.38 at close May 29
|
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