By Devika Patel
Knoxville, Tenn., Dec. 24 - Erdene Gold Inc. said it has raised C$1.05 million in a private placement of shares. The deal was announced on Oct. 3.
The company sold 1 million common shares at C$1.05 per share to Xstrata Coal Canada Ltd., bringing Xstrata Coal's interest in Erdene to approximately 6%.
Erdene Gold is a mineral exploration company based in Halifax, N.S.
Issuer: | Erdene Gold Inc.
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Issue: | Common shares
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Amount: | C$1.05 million
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Shares: | 1 million
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Price: | C$1.05
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Warrants: | No
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Investor: | Xstrata Coal Canada Ltd.
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Pricing date: | Oct. 3
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Settlement date: | Dec. 24
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Stock symbol: | Toronto: ERD
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Stock price: | C$1.22 at close Oct. 3
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