By Devika Patel
Knoxville, Tenn., July 23 - International Gold Resources, Inc. said it raised $1.3 million in a private placement of shares.
The company sold 3.25 million common shares at $0.40 per share. Investors also received one half-share warrant for each share they bought. The whole warrants are exercisable at $1.00 for one year.
Proceeds will be used to sustain operational needs while the company finalizes and files its amended application for its Cupixi mining license and awaits its approval from the Brazilian Department of Mines.
Denver-based International Gold is an early stage gold exploration company.
| Issuer: | International Gold Resources, Inc.
|
| Issue: | Common stock
|
| Amount: | $1.3 million
|
| Shares: | 3.25 million
|
| Price: | $0.40
|
| Warrants: | One half-share warrant per share
|
| Warrant expiration: | One year
|
| Warrant strike price: | $1.00
|
| Settlement date: | July 22
|
| Stock symbol: | Pink Sheets: IGRU
|
| Stock price: | $0.30 at close July 22
|
© 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.
