By Sheri Kasprzak
New York, Nov. 15 - New Guinea Gold Corp. said it arranged a private placement for up to C$7 million.
The offering includes up to 28 million units at C$0.25 each.
The units are comprised of one share and one warrant. The warrants are exercisable at C$0.30 each for two years.
Bolder Investment Partners, Ltd. is the placement agent.
Proceeds will be used for work on the Sinivit project, drilling and exploration on the company's other properties in Papua New Guinea and general corporate purposes.
Based in Vancouver, B.C., New Guinea is a gold exploration company.
| Issuer: | New Guinea Gold Corp.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$7 million (maximum)
|
| Units: | 28 million (maximum)
|
| Price: | C$0.25
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.30
|
| Placement agent: | Bolder Investment Partners, Ltd.
|
| Pricing date: | Nov. 15
|
| Stock price: | C$0.23 at close Nov. 15
|
|
|
© 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.
