By Devika Patel
Knoxville, Tenn., Sept. 24 - Minco Gold Corp. said it will conduct a C$4.4 million non-brokered private placement of stock.
The company will sell 5 million common shares at C$0.88 apiece to Accel China Growth Fund II LP.
Settlement is expected on Sept. 30.
Proceeds will be used for exploration and development and general corporate purposes.
Minco Gold is a gold exploration company based in Vancouver, B.C.
| Issuer: | Minco Gold Corp.
|
| Issue: | Common shares
|
| Amount: | C$4.4 million
|
| Units: | 5 million
|
| Price: | C$0.88
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Investor: | Accel China Growth Fund II LP
|
| Pricing date: | Sept. 24
|
| Settlement date: | Sept. 30
|
| Stock symbol: | TSX Venture: MGH
|
| Stock price: | C$1.06 at close Sept. 23
|
| Market capitalization: | C$43.9 million
|
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