Issuer to sell units at C$0.225 each with 18-month half-share warrants
By Susanna Moon
Chicago, Feb. 15 - High Desert Gold Corp. said it will now sell up to C$4.7 million of units after the private placement was increased in size. The company priced C$2.5 million of units with Haywood Securities Inc. as agent on Jan. 26.
The company will sell up to 21 million units, up from 11,111,000 units, of one common share and one half-share warrant at C$0.225 per unit.
The whole warrants are each exercisable at C$0.35 for 18 months. The strike price reflects a 29.63% premium to the Jan. 26 closing share price of C$0.27.
Vancouver, B.C.-based High Desert is a gold, copper and silver exploration company.
| Issuer: | High Desert Gold Corp.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$4.7 million
|
| Units: | 21 million
|
| Price: | C$0.225
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.35
|
| Agent: | Haywood Securities Inc.
|
| Pricing date: | Jan. 27
|
| Upsized: | Feb. 15
|
| Stock symbol: | TSX Venture: HDG
|
| Stock price: | C$0.27 at close Jan. 26
|
| Market capitalization: | C$9.18 million
|
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