By Devika Patel
Knoxville, Tenn., June 12 - Crew Gold Corp. announced it plans a NOK 325 million private placement of shares.
The company will sell up to 50 million new shares at a minimum price of NOK 6.50 each.
Proceeds will be used to finance the company's investment program at the LEFA gold project in Guinea and for general working capital.
London-based Crew Gold is a resource exploration company.
| Issuer: | Crew Gold Corp.
|
| Issue: | Stock
|
| Amount: | NOK 325 million
|
| Shares: | 50 million
|
| Price: | NOK 6.50 (minimum)
|
| Warrants: | No
|
| Pricing date: | June 12
|
| Stock symbol: | Oslo: CRU
|
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