By Susanna Moon
Chicago, July 11 - Evolving Gold Corp. said it increased the size of its private placement of units to $5.62 million.
The company now plans to issue up to 14.05 million units at C$0.40 each.
Each unit consists of one share and one half-share warrant, with each whole warrant exercisable at C$0.60 for two years.
The company priced the issue on June 25 at up to 12.8 million units of one share and one half-share warrant at C$0.40 each.
Proceeds will be used for exploration and development and for general corporate purposes.
Evolving Gold is an exploration and development company based in Vancouver, B.C.
| Issuer: | Evolving Gold Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$5.62 million
|
| Units: | 14.05 million
|
| Price: | C$0.40
|
| Warrants: | One half-share warrant
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.60
|
| Pricing date: | June 25
|
| Upsized: | July 11
|
| Stock symbol: | TSX Venture: EVG
|
| Stock price: | C$0.405 at close June 25
|
| Stock price: | C$0.50 at close July 10
|
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