By Devika Patel
Knoxville, Tenn., Oct. 26 - Skyline Gold Corp. announced it has closed two non-brokered private placements of units and shares, raising a total of C$1,043,600.
In the first placement, the company sold 1,255,000 units at C$0.20 apiece for C$251,000. Each unit consists of one common share and one half-share warrant. Each whole warrant is exercisable at C$0.24 for two years.
It sold 3,302,500 flow-through common shares at C$0.24 per share for C$792,600 in the second deal.
MineralFields Group bought 1,041,666 of the shares.
The shares will have a four-month hold period.
Finders' fees were paid on the deals.
Based in Richmond, B.C., Skyline Gold is a mineral exploration and development company, with assets on the Iskut River property, Liard Mining division, in northwestern British Columbia.
| Issuer: | Skyline Gold Corp.
|
| Issue: | Units of one common share and one half-share warrant, flow-through common shares
|
| Amount: | C$1,043,600 (total)
|
| Agent: | Non-brokered
|
| Settlement date: | Oct. 26
|
| Stock symbol: | TSX Venture: SK
|
| Stock price: | C$0.24 at close Oct. 26
|
|
|
| Units
|
| Amount: | C$251,000
|
| Units: | 1,255,000
|
| Price: | C$0.20
|
| Warrants: | One half-warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.24
|
|
|
| Shares
|
| Amount: | C$792,600
|
| Shares: | 3,302,500
|
| Price: | C$0.24
|
| Warrants: | No
|
| Investor: | MineralFields Group (for 1,041,666 shares)
|
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