By Devika Patel
Knoxville, Tenn., June 7 - Fire River Gold Corp. said it has completed a C$4.23 million non-brokered private placement of units. The deal was oversubscribed by C$232,900.
The company sold 10,582,250 units of one common share and a half-share warrant at C$0.40 per unit. Each whole warrant is exercisable at C$0.60 for 18 months.
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$4,232,900
|
| Units: | 10,582,250
|
| Price: | C$0.40
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.60
|
| Agent: | Non-brokered
|
| Settlement date: | June 7
|
| Stock symbol: | TSX Venture: FAU
|
| Stock price: | C$0.43 at close June 4
|
| Market capitalization: | C$3.58 million
|
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