By Sheri Kasprzak
New York, May 30 - Forest Gate Resources Inc. priced a C$1 million private placement.
The non-brokered deal includes up to 3,278,688 flow-through shares at C$0.305 each.
The placement is scheduled to close June 15.
The proceeds will be used for development on the company's Canadian diamond exploration projects.
Forest Gate, based in Montreal, is a diamond and mineral exploration company.
| Issuer: | Forest Gate Resources Inc.
|
| Issue: | Flow-through shares
|
| Amount: | C$1 million
|
| Shares: | 3,278,688
|
| Price: | C$0.305
|
| Warrants: | No
|
| Placement agent: | Non-brokered
|
| Pricing date: | May 29
|
| Settlement date: | June 15
|
| Stock symbol: | TSX Venture: FGT
|
| Stock price: | C$0.28 at close May 29
|
|
|
© 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.
