By Devika Patel
Knoxville, Tenn., Aug. 13 - Golden Predator Royalty & Development Corp. said it completed a C$2.7 million non-brokered private placement of units and stock. The deal priced for C$2 million on July 14.
The company sold 4.4 million flow-through common shares at C$0.50 per share.
The company also sold 1 million units at C$0.50 per unit to Evolving Gold Corp. Each unit consists of one share and one warrant, with each warrant exercisable at C$0.75 for 18 months.
Proceeds will be used for exploration and working capital purposes.
Vancouver, B.C.-based Golden Predator is a precious metals producer.
| Issuer: | Golden Predator Royalty & Development Corp.
|
| Issue: | Flow-through common shares, units of one share and one warrant
|
| Amount: | C$2.7 million
|
| Agent: | Non-brokered
|
| Pricing date: | July 14
|
| Settlement date: | Aug. 13
|
| Stock symbol: | TSX Venture: GPD
|
| Stock price: | C$0.405 at close July 13
|
|
|
| Shares
|
| Amount: | C$2.2 million
|
| Shares: | 4.4 million
|
| Price: | C$0.50
|
| Warrants: | No
|
|
|
| Units
|
| Amount: | C$500,000
|
| Shares: | 1 million
|
| Price: | C$0.50
|
| Warrants: | One per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.75
|
| Investor: | Evolving Gold Corp.
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
