By Devika Patel
Knoxville, Tenn., Nov. 20 - CBR Gold Corp. said it plans a C$2 million non-brokered private placement of units.
The company will sell 4 million units at C$0.50 apiece. Each unit consists of one common share and one warrant, with each five-year warrant exercisable at C$0.65.
Proceeds will be used for general working capital purposes.
The exploration and development company is based in Edmonton, Alta.
Issuer: | CBR Gold Corp.
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Issue: | Units of one common share and one warrant
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Amount: | C$2 million
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Units: | 4 million
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Price: | C$0.50
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Warrants: | One warrant per unit
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Warrant expiration: | Five years
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Warrant strike price: | C$0.65
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Agent: | Non-brokered
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Pricing date: | Nov. 20
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Stock symbol: | TSX Venture: CBG
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Stock price: | C$0.58 at close Nov. 19
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Market capitalization: | C$17.2 million
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