By Sheri Kasprzak
Atlanta, June 10 - Canadian Gold Hunter Corp. said it has increased to C$4,026,000 the size of its previously announced C$3.4 million private placement.
The company now plans to sell 4,657,500 flow-through shares at C$0.80 each and up to 400,000 common shares at C$0.75 each.
The company said May 30 that it planned to sell up to 3.5 million flow-through shares at C$0.90 each and up to 312,500 common shares at C$0.80 each.
The deal had originally been arranged through placement agents Toll Cross Securities Inc. and Dundee Securities Corp., but the company will now proceed with the offering on a non-brokered basis.
Based in Vancouver, B.C., Canadian Gold is a gold exploration company. The proceeds from the flow-through shares will be used for exploration on the company's Canadian projects. The proceeds from the non flow-through shares will be used for working capital.
Issuer: | Canadian Gold Hunter Corp.
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Issue: | Flow-through shares and non flow-through shares
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Amount: | C$4,026,000 (maximum)
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Pricing date: | May 30
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Upsized: | June 10
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Stock price: | C$0.75 at close May 30
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Stock price: | C$0.77 at close June 10
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Flow-through
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Issue: | Flow-through common shares
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Shares: | 4,657,500 (maximum)
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Price: | C$0.80
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Warrants: | No
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Non flow-through
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Issue: | Non flow-through common shares
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Shares: | 400,000 (maximum)
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Price: | C$0.75
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Warrants: | No
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