Proceeds from non-brokered offering will be used for working capital
By Devika Patel
Knoxville, Tenn., June 11 - Fire River Gold Corp. said it plans a C$4 million non-brokered private placement of units.
The company will sell 34,782,609 units of one common share and one warrant at C$0.115 per unit.
Each warrant is exercisable at C$0.16 for two years. The strike price reflects a 6.67% premium to the June 8 closing share price of C$0.15.
Proceeds will be used for working capital during the start-up phase of the new carbon-in-leach circuit at the company's Nixon Fork Gold Mill.
Vancouver, B.C.-based Fire River Gold is a gold explorer.
| Issuer: | Fire River Gold Corp.
|
| Issue: | Units of one common share and a warrant
|
| Amount: | C$4 million
|
| Units: | 34,782,609
|
| Price: | C$0.115
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.16
|
| Agent: | Non-brokered
|
| Pricing date: | June 11
|
| Stock symbol: | TSX Venture: FAU
|
| Stock price: | C$0.15 at close June 8
|
| Market capitalization: | C$12.4 million
|
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