By Laura Lutz
Des Moines, March 15 - BCGold Corp. completed its previously announced private placement of units for C$4,288,091.
The company sold 6,125,844 units of one share and one half-share warrant at C$0.70 per unit. Each whole warrant is exercisable at C$1.00 for two years.
The deal priced on Feb. 20 as a C$4.025 million offering of up to 5.75 million units.
Proceeds will be used for exploration, other corporate purposes and working capital.
The deal was non-brokered.
BCGold is a Vancouver, B.C.-based mining company.
Issuer: | BCGold Corp.
|
Issue: | Units of one share and one half-share warrant
|
Amount: | C$4,288,091
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Units: | 6,125,844
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Price: | C$0.70
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Warrants: | One half-share warrant per unit
|
Warrant expiration: | Two years
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Warrant strike price: | C$1.00
|
Agent: | Non-brokered
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Pricing date: | Feb. 20
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Settlement date: | March 15
|
Stock symbol: | TSX Venture: BCG
|
Stock price: | C$0.70 at close Feb. 20
|
Stock price: | C$0.65 at close March 14
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