By Laura Lutz
Des Moines, April 27 - Energold Drilling Corp. arranged a private placement of units for C$12.012 million.
The company plans to sell 5.46 million units of one share and one half-share warrant at C$2.20 per unit. Each whole warrant will be exercisable at C$2.85 for one year.
Clarus Securities Inc., the underwriter, has a greenshoe for 1.37 million additional units, exercisable until one business day before closing.
Proceeds will be used for working capital and general corporate purposes.
Settlement is expected on May 15.
Energold is a diamond drilling company based in Vancouver, B.C.
| Issuer: | Energold Drilling Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$12.012 million
|
| Units: | 5.46 million
|
| Greenshoe: | 1.37 million units
|
| Price: | C$2.20
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$2.85
|
| Underwriter: | Clarus Securities Inc.
|
| Pricing date: | April 27
|
| Settlement date: | May 15
|
| Stock symbol: | TSX Venture: EGD
|
| Stock price: | C$2.35 at close April 27
|
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