By Laura Lutz
Des Moines, May 15 - Energold Drilling Corp. settled its previously announced private placement of units for C$15.026 million, including a fully exercised greenshoe for C$3.014 million.
The company sold 6.83 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. was the underwriter.
Proceeds will be used for working capital and general corporate purposes.
The deal priced on April 27.
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$15.026 million
|
| Units: | 6.83 million (includes greenshoe for 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
|
| Stock price: | C$2.30 at close May 15
|
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