Deal offers 14 million flow-through common shares at C$0.35 per share
By Devika Patel
Knoxville, Tenn., July 25 – NioGold Mining Corp. will conduct a C$4.9 million private placement of stock with Osisko Gold Royalties Ltd., according to a press release from the investor.
The company will sell 14 million flow-through common shares at C$0.35 each. The price per share reflects a 66.67% premium to the July 24 closing share price of C$0.21
Osisko will also purchase from NioGold the right to repurchase certain royalties on its claims for C$150,000.
Based in Vancouver, B.C., NioGold is a gold exploration company.
Issuer: | NioGold Mining Corp.
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Issue: | Flow-through common shares
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Amount: | C$4.9 million
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Shares: | 14 million
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Price: | C$0.35
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Warrants: | No
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Investor: | NioGold Mining Corp.
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Pricing date: | July 25
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Stock symbol: | TSX Venture: NOX
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Stock price: | C$0.21 at close July 24
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Market capitalization: | C29.891 million
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