By Devika Patel
Knoxville, Tenn., April 5 - Novus Gold Corp. said it completed a C$3.11 million private placement of shares. The deal priced for C$3 million with a C$1 million greenshoe on March 16.
The company sold 7,762,500 flow-through common shares at C$0.40 each. Of the shares, 262,500 were part of the partially exercised greenshoe.
Canaccord Financial Ltd. was the agent.
Proceeds will be used for exploration.
The gold explorer is based in Vancouver, B.C.
| Issuer: | Novus Gold Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$3,105,000 (including C$105,000 greenshoe)
|
| Shares: | 7,762,500
|
| Price: | C$0.40
|
| Warrants: | No
|
| Agent: | Canaccord Financial Ltd.
|
| Pricing date: | March 16
|
| Settlement date: | April 5
|
| Stock symbol: | TSX Venture: NOV
|
| Stock price: | C$0.35 at close March 15
|
| Market capitalization: | C$6.66 million
|
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