By Laura Lutz
Washington, March 19 - MacMillan Gold Corp. priced a private placement of shares for C$1.925 million.
The company plans to sell 5.5 million shares at C$0.35 each.
Investors will also receive one half-share warrant per share. Each full warrant will be exercisable at C$0.50 for 18 months.
Expiry of the warrants may be accelerated to 30 days if the company's shares trade at or above C$1.00 for 10 consecutive trading days.
Settlement is expected by March 23.
Proceeds of the non-brokered deal will be used for working capital.
MacMillan is a Toronto-based resource company.
| Issuer: | MacMillan Gold Corp.
|
| Issue: | Shares
|
| Amount: | C$1.925 million
|
| Shares: | 5.5 million
|
| Price: | C$0.35
|
| Warrants: | One half-share warrant per share
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.50
|
| Agent: | Non-brokered
|
| Pricing date: | March 19
|
| Stock symbol: | TSX Venture: MMG
|
| Stock price: | C$0.35 at close March 16
|
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