By Sheri Kasprzak
Atlanta, April 4 - North American Gold Inc. said it plans to raise up to C$2.7 million in a private placement.
The offering includes up to 6 million units at C$0.45 each.
The units are comprised of one share and one half-share warrant. The full warrants provide for an additional share at C$0.45 each for one year.
Placement agent Pacific International Securities Inc. has an over-allotment option for up to 600,000 additional units under the same terms.
Based in Vancouver, B.C., North American is a gold exploration company. It plans to use the proceeds to advance the exploration and evaluation of the company's Norra-Barsele project in Sweden. The remainder will be used for working capital.
| Issuer: | North American Gold Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$2.7 million (maximum)
|
| Units: | 6 million (maximum)
|
| Greenshoe: | For up to 600,000 units
|
| Price: | C$0.45
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.45
|
| Placement agent: | Pacific International Securities Inc.
|
| Pricing date: | April 4
|
| Stock price: | C$0.45 at close April 1
|
|
|
© 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.
