Non-brokered offering raises financing to explore Sixty Mile property
By Devika Patel
Knoxville, Tenn., Nov. 17 - Radius Gold Inc. said it plans a non-brokered private placement of stock.
The company will sell 5.4 million flow-through common shares at C$0.65 each for C$3.51 million. The price per share represents a 14.04% premium to the Nov. 16 closing share price of C$0.57.
Settlement is expected Dec. 6.
Proceeds will be used for exploration of the company's Sixty Mile property and its other Yukon properties.
The gold explorer is based in Vancouver, B.C.
| Issuer: | Radius Gold Inc.
|
| Issue: | Flow-through common stock
|
| Amount: | C$3.51 million
|
| Shares: | 5.4 million
|
| Price: | C$0.65
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Nov. 17
|
| Settlement date: | Dec. 6
|
| Stock symbol: | TSX Venture: RDU
|
| Stock price: | C$0.57 at close Nov. 16
|
| Market capitalization: | C$41.59 million
|
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