By Devika Patel
Knoxville, Tenn., June 13 - CGA Mining Ltd. announced it settled a C$35 million private placement of shares.
The company sold 21,212,000 shares at C$1.65 per share.
Haywood Securities Inc. was the agent.
Proceeds will be used to fund the construction of the company's Masbate Gold Mine in the Philippines.
Based in Perth, Australia, CGA Mining, formerly Central Asia Gold Ltd., is engaged in mineral exploration and development.
| Issuer: | CGA Mining Ltd.
|
| Issue: | Common shares
|
| Amount: | C$34,999,800
|
| Shares: | 21,212,000
|
| Price: | C$1.65
|
| Warrants: | No
|
| Agent: | Haywood Securities Inc.
|
| Settlement date: | June 13
|
| Stock symbol: | Toronto: CGA
|
| Stock price: | C$1.75 at close June 12
|
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