By Devika Patel
Knoxville, Tenn., Sept. 30 - BCGold Corp. announced that it aims to raise up to C$1.5 million in a non-brokered private placement of units and stock.
The company will sell 5.8 million flow-through shares at C$0.20 per share for C$1.16 million and 1.7 million units at C$0.20 apiece for C$340,000.
Each unit will consist of one common share and one half-share warrant, with each whole two-year warrant exercisable at C$0.30 in the first year and at C$0.50 thereafter.
Proceeds will be used to continue exploration on the company's property portfolio and for general working capital purposes.
Vancouver, B.C.-based BCGold is a gold and other precious and base metal exploration company.
| Issuer: | BCGold Corp.
|
| Issue: | Units of one common share and one half-share warrant; flow-through shares
|
| Amount: | C$1.5 million
|
| Agent: | Non-brokered
|
| Pricing date: | Sept. 30
|
| Stock symbol: | TSX Venture: BLG
|
| Stock price: | C$0.14 at close Sept. 29
|
|
|
| Units
|
| Amount: | C$340,000
|
| Units: | 1.7 million
|
| Price: | C$0.20
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.30 in the first year, C$0.50 thereafter
|
|
|
| Flow-through shares
|
| Amount: | C$1.16 million
|
| Shares: | 5.8 million
|
| Price: | C$0.20
|
| Warrants: | No
|
© 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.
