Equity units, priced at C$0.56, include 18-month half-share warrants
By Devika Patel
Knoxville, Tenn., Aug. 2 - Freegold Ventures Ltd. said it raised C$1.85 million in the first tranche of a non-brokered private placement of units.
The company sold 3,311,957 units of one common share and a half-share warrant at C$0.56 per unit. Each whole warrant is exercisable at C$0.65 for 18 months. The strike price is a 16.07% premium to the Aug. 1 closing share price of C$0.56.
Freegold is a gold exploration company based in Vancouver, B.C.
| Issuer: | Freegold Ventures Ltd.
|
| Issue: | Units of one common share and a half-share warrant
|
| Amount: | C$1,854,696
|
| Units: | 3,311,957
|
| Price: | C$0.56
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.65
|
| Agent: | Non-brokered
|
| Settlement date: | Aug. 2
|
| Stock symbol: | Toronto: FVL
|
| Stock price: | C$0.56 at close Aug. 1
|
| Market capitalization: | C$34.7 million
|
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