By Laura Lutz
Des Moines, June 24 - Skyline Gold Corp. settled the final tranche of its previously announced C$1.355 million private placement of shares.
In total, the company sold 6.775 million flow-through shares to qualified investors at C$0.20 per share.
The first tranche consisted of 5.525 million shares and closed on July 10. The second tranche consisted of 1.25 million shares.
The non-brokered placement priced on June 18 as a C$1 million offering of 5 million flow-through shares. It was upsized on June 22.
Proceeds will be used for drilling on the company's Bronson Slope property in British Columbia.
Skyline is a mineral exploration company based in Vancouver, B.C.
| Issuer: | Skyline Gold Corp.
|
| Issue: | Flow-through shares
|
| Amount: | C$1.355 million
|
| Shares: | 6.775 million
|
| Price: | C$0.20
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | June 18
|
| Upsized: | June 22
|
| Settlement date: | July 10 (for C$1.105 million); July 24 (for C$250,000)
|
| Stock symbol: | TSX Venture: SK
|
| Stock price: | C$0.18 at close June 18
|
| Stock price: | C$0.24 at close June 22
|
| Stock price: | C$0.21 at close July 9
|
| Stock price: | C$0.24 at close July 23
|
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