By Devika Patel
Knoxville, Tenn., Dec. 18 - Northern Freegold Resources Ltd. announced it settled a non-brokered private placement of units, raising C$4.33 million. The deal priced for at least C$4 million on Dec. 10.
The company sold 4,562,371 units at C$0.95 per unit. Each unit consists of one flow-through common share and one half-share warrant. Each whole warrant will be exercisable at C$1.50 for one year.
The company paid a C$34,724.97 finder's fee and issued 172,957 units.
Proceeds will be used for exploration.
Northern Freegold is a resource exploration and development company based in Vancouver, B.C.
| Issuer: | Northern Freegold Resources Ltd.
|
| Issue: | Units of one flow-through common share and one half-share warrant
|
| Amount: | C$4,334,252.45
|
| Units: | 4,562,371
|
| Price: | C$0.95
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$1.50
|
| Agent: | Non-brokered
|
| Fees: | C$34,724.97 and 172,957 units
|
| Pricing date: | Dec. 10
|
| Settlement date: | Dec. 18
|
| Stock symbol: | TSX Venture: NFR
|
| Stock price: | C$0.87 at close Dec. 10
|
© 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.
