Gold explorer sells 225,000 units of shares, warrants at $0.20 apiece
By Devika Patel
Knoxville, Tenn., Feb. 8 - Bonanza Gold Corp. completed a $45,000 private placement of units, according to an 8-K filed Friday with the Securities and Exchange Commission.
The company sold 225,000 units of one common share and one warrant at $0.20 per unit.
Each warrant is exercisable at $1.25 for three years. The strike price is a 61.29% premium to $0.62, the Feb. 7 closing share price.
The gold and metals explorer is based in Seattle.
| Issuer: | Bonanza Gold Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | $150,000
|
| Units: | 225,000
|
| Price: | $0.20
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Three years
|
| Warrant strike price: | $1.25
|
| Announcement date: | Feb. 8
|
| Stock symbol: | OTCBB: BNZA
|
| Stock price: | $0.62 at close Feb. 7
|
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