By Devika Patel
Knoxville, Tenn., Sept. 21 - CGA Mining Ltd. said it plans a C$25 million private placement of shares.
The ordinary shares will be issued at a price of C$1.70 apiece.
The deal is expected to settle on Oct. 26.
BMO Nesbitt Burns Inc. and Haywood Securities Inc. are the agents.
Proceeds will be used to fund further enhancements in the plant and exploration activities at the Masbate Gold Project and for general corporate purposes.
Based in Perth, Australia, CGA Mining, formerly Central Asia Gold Ltd., is engaged in mineral exploration and development.
| Issuer: | CGA Mining Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | C$24,998,500
|
| Price: | C$1.70
|
| Agent: | BMO Nesbitt Burns Inc., Haywood Securities Inc.
|
| Pricing date: | Sept. 21
|
| Settlement date: | Oct. 26
|
| Stock symbol: | Toronto: CGA
|
| Stock price: | C$1.95 at close Sept. 21
|
| Market capitalization: | C$525 million
|
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