By Devika Patel
Knoxville, Tenn., Nov. 19 - Fire River Gold Corp. said it has negotiated a C$10 million private placement of units.
The company will sell 20 million units of one common share and a half-share warrant at C$0.50 per unit on a best-efforts basis. Each whole warrant is exercisable at C$0.75 for 18 months.
Loewen, Ondaatje, McCutcheon Ltd. is the agent. There is a 20% greenshoe.
Proceeds will be used for exploration and development of the Nixon Fork Gold Mine in Alaska and for general corporate purposes.
Vancouver, B.C.-based Fire River Gold is a mineral resource company.
| Issuer: | Fire River Gold Corp.
|
| Issue: | Units of one common share and a half-share warrant
|
| Amount: | C$10 million
|
| Greenshoe: | 20%
|
| Units: | 20 million
|
| Price: | C$0.50
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.75
|
| Agent: | Loewen, Ondaatje, McCutcheon Ltd.
|
| Pricing date: | Nov. 19
|
| Stock symbol: | CNQ: FAU
|
| Stock price: | C$0.56 at close Nov. 18
|
© 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.
