By Sheri Kasprzak
New York, Sept. 12 - Nevada Pacific Gold Ltd. said it plans to raise C$3.01 million.
The company plans to sell, on a non-brokered basis, 4.3 million units at C$0.70 each.
The units include one share and one half-share warrant. The whole warrants provide for an additional share at C$0.90 each for two years.
The proceeds will be used to advance the company's gold and silver exploration projects in Nevada and Utah, fund activities to increase the reserve and resource base at the Magistral gold mine in Sinaloa State, Mexico, and to provide working capital.
Based in Vancouver, B.C., Nevada Pacific is a gold and silver exploration company.
Issuer: | Nevada Pacific Gold Ltd.
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Issue: | Units of one share and one half-share warrant
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Amount: | C$3.01 million
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Units: | 4.3 million
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Price: | C$0.70
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Warrants: | One half-share warrant per unit
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Warrant expiration: | Two years
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Warrant strike price: | C$0.90
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Pricing date: | Sept. 12
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Stock price: | C$0.72 at close Sept. 9
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