By Devika Patel
Knoxville, Tenn., Nov. 3 - Evolving Gold Corp. said it plans a C$10 million private placement of units.
The company will sell 11,111,200 units at C$0.90 apiece on a bought-deal basis. Each unit consists of one common share and one half-share warrant. Each whole warrant is exercisable at C$1.25 for two years.
The underwriting syndicate will be led by National Bank Financial Inc. and Scotia Capital Inc. Settlement is expected Nov. 24.
Proceeds will be used for exploration and general corporate purposes.
Evolving Gold is an exploration and development company based in Vancouver, B.C.
| Issuer: | Evolving Gold Corp.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$10 million
|
| Units: | 11,111,200
|
| Price: | C$0.90
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$1.25
|
| Underwriters: | National Bank Financial Inc. and Scotia Capital Inc. (leads)
|
| Pricing date: | Nov. 3
|
| Settlement date: | Nov. 24
|
| Stock symbol: | TSX Venture: EVG
|
| Stock price: | C$0.99 at close Nov. 3
|
| Market capitalization: | C$79.2 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
