By Sheri Kasprzak
New York, Jan. 17 - Tri-Gold Resources Corp. said it has wrapped a private placement for C$1,865,050.
The company sold 9,317,000 flow-through shares at C$0.15 each and 3.74 million non flow-through shares at C$0.125 each to 39 investors.
The investors received warrants for 8,398,500 shares, exercisable at C$0.25 each for one year. The expiry of the warrants may be accelerated to 30 days if the company's stock trades above C$0.40 for more than 10 consecutive trading days.
Blackmont Capital Inc. was the placement agent.
Based in Vancouver, B.C., Tri-Gold is a gold exploration company.
| Issuer: | Tri-Gold Resources Corp.
|
| Issue: | Flow-through and non flow-through shares
|
| Amount: | C$1,865,050
|
| Warrants: | For 8,398,500 shares
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.25
|
| Placement agent: | Blackmont Capital Inc.
|
| Settlement date: | Jan. 13
|
| Stock symbol: | TSX Venture: TAL
|
| Stock price: | C$0.125 at close Jan. 13
|
|
|
| Flow-through shares
|
| Shares: | 9,317,000
|
| Price: | C$0.15
|
|
|
| Non flow-through shares
|
| Shares: | 3.74 million
|
| Price: | C$0.125
|
|
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