By Devika Patel
Knoxville, Tenn., July 27 - BCGold Corp. said it has arranged a C$1.06 million non-brokered private placement of units.
The company will sell 6.75 million flow-through units of one flow-through common share and a half-share warrant at C$0.12 apiece.
Each whole two-year warrant is exercisable at C$0.20 for the first year and at C$0.30 thereafter.
BCGold also will sell 2.5 million units of one common share and a half-share warrant at C$0.10 apiece.
Each of these warrants is exercisable at C$0.15 for one year.
Proceeds will be used for drilling, generative copper-gold exploration and general working capital purposes.
Vancouver, B.C.-based BCGold is a gold and other precious and base metals exploration company.
| Issuer: | BCGold Corp.
|
| Issue: | Flow-through units of one flow-through common share and a half-share warrant, units of one common share and a half-share warrant
|
| Amount: | C$1.06 million
|
| Warrants: | One half-share warrant per unit
|
| Agent: | Non-brokered
|
| Pricing date: | July 27
|
| Stock symbol: | TSX Venture: BCG
|
| Stock price: | C$0.105 at close July 26
|
| Market capitalization: | C$4.75 million
|
|
|
| Flow-through units
|
| Amount: | C$810,000
|
| Units: | 6.75 million
|
| Price: | C$0.12
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.20 for the first year, C$0.30 thereafter
|
|
|
|
|
| Units
|
| Amount: | C$250,000
|
| Units: | 2.5 million
|
| Price: | C$0.10
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.15
|
© 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.
