By Devika Patel
Knoxville, Tenn., June 24 - Universal Gold Mining Corp. completed a $1.48 million second tranche of a $3 million private placement of stock on May 24, according to an 8-K filed Thursday with the Securities and Exchange Commission.
There is a $1 million greenshoe for the deal, which was announced May 24, the date the company settled the first tranche for $2.3 million.
The company sold 23 million common shares at $0.10 per share in the first tranche and 14.75 million shares in the second. It could sell up to 30 million shares, plus 10 million shares in the greenshoe.
Based in New York, Universal Gold is a gold mining company.
| Issuer: | Universal Gold Mining Corp.
|
| Issue: | Common stock
|
| Amount: | $3,775,000
|
| Shares: | 37.75 million
|
| Price: | $0.10
|
| Warrants: | No
|
| Investor: | Northern Capital Resources Corp.
|
| Settlement date: | May 24 (for $2.3 million), June 24 (for $1,475,000)
|
| Stock symbol: | OTCBB: UGDM
|
| Stock price: | $0.60 at close June 24
|
| Market capitalization: | $6.01 million
|
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