Non-brokered sale of shares, one-year warrants funds working capital
By Devika Patel
Knoxville, Tenn., April 25 - Threegold Resources Inc. said it plans a C$1.05 million non-brokered private placement of units.
Threegold will sell up to 3.5 million units of one common share and one warrant at C$0.30 each. The warrants are each exercisable at C$0.40 for one year. The strike price reflects a 29.03% premium to the April 21 closing share price of C$0.31.
Proceeds will be used for general working capital purposes.
Threegold is a gold exploration company based in Val-d'Or, Quebec.
| Issuer: | Threegold Resources Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1.05 million
|
| Units: | 3.5 million
|
| Price: | C$0.30
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.40
|
| Agent: | Non-brokered
|
| Pricing date: | April 25
|
| Stock symbol: | TSX Venture: THG
|
| Stock price: | C$0.31 at close April 21
|
| Market capitalization: | C$19.94 million
|
© 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.
