By Devika Patel
Knoxville, Tenn., Dec. 6 - Wesdome Gold Mines Ltd. said it will conduct a C$4 million non-brokered private placement of stock.
The company will sell up to 2,666,666 flow-through common shares at C$1.50 each.
The company may pay a 5% cash finder's fee.
Proceeds will be used for development. The deal is expected to settle on Dec. 19.
Based in Toronto, Wesdome is a gold exploration and development company.
| Issuer: | Wesdome Gold Mines Ltd.
|
| Issue: | Flow-through common shares
|
| Amount: | C$4 million
|
| Shares: | 2,666,666
|
| Price: | C$1.50
|
| Warrants: | No
|
| Agents: | Non-brokered
|
| Fees: | 5% in cash
|
| Pricing date: | Dec. 6
|
| Settlement date: | Dec. 19
|
| Stock symbol: | Toronto: WDO
|
| Stock price: | C$1.24 at close Dec. 6
|
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