By Sheri Kasprzak
New York, March 28 - Crew Gold Corp. said it secured NOK 419.9 million from a private placement of stock.
The company issued 32.3 million shares at NOK 13 each to a group of institutional investors.
The deal is slated to close between April 4 and April 6.
Pareto Securities was the placement agent.
Proceeds will be used for acquisitions of minority interest in the company's gold projects in Guinea, Greenland and the Philippines. The remainder will be used for general corporate purposes.
London-based Crew is a gold exploration company.
| Issuer: | Crew Gold Corp.
|
| Issue: | Stock
|
| Amount: | NOK 419.9 million
|
| Shares: | 32.3 million
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| Price: | NOK 13
|
| Warrants: | No
|
| Placement agent: | Pareto Securities
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| Announcement date: | March 28
|
| Settlement date: | April 4 to April 6
|
| Stock symbol: | Oslo: CRU
|
| Stock price: | NOK 13.20 at close March 27
|
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