Deal sells 10 million units at C$0.15 apiece to Fortuna Silver Mines
By Devika Patel
Knoxville, Tenn., June 21 – Medgold Resources Corp. said it completed a C$1.5 million non-brokered private placement of units with Fortuna Silver Mines Inc. The deal priced on June 13.
The company sold 10 million units of one common share and one warrant at C$0.15 per unit.
Each warrant is exercisable at C$0.15 for one year. The strike price is a 36.36% premium to the June 10 closing share price of C$0.11.
Proceeds will be used for project-generating exploration in Serbia and general working capital purposes.
The precious and base metals explorer is based in Vancouver, B.C.
| Issuer: | Medgold Resources Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1.5 million
|
| Units: | 10 million
|
| Price: | C$0.15
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.15
|
| Agent: | Non-brokered
|
| Investor: | Fortuna Silver Mines Inc.
|
| Pricing date: | June 13
|
| Settlement date: | June 21
|
| Stock symbol: | TSX Venture: MED
|
| Stock price: | C$0.11 at close June 10
|
| Market capitalization: | C$6.2 million
|
|
|
© 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.
