By Laura Lutz
Des Moines, May 18 - Coral Gold Resources Ltd. completed a slightly upsized private placement of units for C$4.23 million.
The company sold 1.41 million units of one share and one transferable warrant at C$3.00 per unit. Each warrant will be exercisable at C$3.50 for one year.
The placement priced on April 20 as an offering of up to 1.4 million units, for up to C$4.2 million.
The deal was non-brokered.
Proceeds will be used for exploration and development and for working capital.
Coral Gold is a resource exploration company based in Vancouver, B.C.
| Issuer: | Coral Gold Resources Ltd.
|
| Issue: | Units of one share and one transferable warrant
|
| Amount: | C$4.23 million
|
| Units: | 1.41 million
|
| Price: | C$3.00
|
| Warrants: | One per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$3.50
|
| Agent: | Non-brokered
|
| Pricing date: | April 20
|
| Settlement date: | May 18
|
| Stock symbol: | TSX Venture: CGR
|
| Stock price: | C$2.96 at close April 19
|
| Stock price: | C$2.93 at close May 18
|
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