By Devika Patel
Knoxville, Tenn., June 24 - BCGold Corp. announced it will conduct a C$1 million non-brokered private placement of units.
The company will sell 8.33 million units at C$0.06 apiece for C$499,800. Each unit consists of one common share and a half-share warrant. The whole one-year warrants are exercisable at C$0.12.
The company also will sell 6.25 million flow-through units at C$0.08 apiece for C$500,000. Each flow-through unit consists of one flow-through common share and a half-share warrant. The whole one-year warrants are exercisable at C$0.15.
Proceeds will be used for exploration and for general working capital purposes.
Vancouver, B.C.-based BCGold is a gold and other precious and base metals exploration company.
| Issuer: | BCGold Corp.
|
| Issue: | Units of one common share and a half-share warrant, flow-through units of one flow-through common share and a half-share warrant
|
| Amount: | C$999,800
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Agent: | Non-brokered
|
| Pricing date: | June 24
|
| Stock symbol: | TSX Venture: BCG
|
| Stock price: | C$0.065 at close June 23
|
| Market capitalization: | C$2.5 million
|
|
|
| Units
|
| Amount: | C$499,800
|
| Units: | 8.33 million
|
| Price: | C$0.06
|
| Warrant strike price: | C$0.12
|
|
|
| Flow-through units
|
| Amount: | C$500,000
|
| Units: | 6.25 million
|
| Price: | C$0.08
|
| Warrant strike price: | C$0.15
|
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