By Sheri Kasprzak
Atlanta, May 31 - Canadian Gold Hunter Corp. said it plans to raise C$3.4 million in a private placement.
The company plans to sell up to 3.5 million flow-through shares at C$0.90 each and up to 312,500 non flow-through shares at C$0.80 each.
Toll Cross Securities Inc. and Dundee Securities Corp. are the placement agents in the offering.
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$3.4 million (maximum)
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| Placement agents: | Toll Cross Securities Inc. and Dundee Securities Corp.
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| Pricing date: | May 30
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| Stock price: | C$0.75 at close May 30
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| Flow-through shares
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| Issue: | Flow-through common shares
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| Shares: | 3.5 million (maximum)
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| Price: | C$0.90
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| Warrants: | No
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| Non flow-through shares
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| Issue: | Non flow-through common shares
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| Shares: | 312,500 (maximum)
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| Price: | C$0.80
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| Warrants: | No
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