Non-brokered offering raises financing to explore Sixty Mile property
By Devika Patel
Knoxville, Tenn., Nov. 19 - Radius Gold Inc. said it increased a non-brokered private placement of stock. The deal priced for C$3.51 million on Nov. 17.
The company will now sell 5.8 million flow-through common shares at C$0.65 each for C$3.77 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.
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Issue: | Flow-through common stock
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Amount: | C$3.77 million
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Shares: | 5.8 million
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Price: | C$0.65
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Warrants: | No
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Agent: | Non-brokered
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Pricing date: | Nov. 17
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Upsized: | Nov. 19
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Settlement date: | Dec. 6
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Stock symbol: | TSX Venture: RDU
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Stock price: | C$0.57 at close Nov. 16
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Market capitalization: | C$43.43 million
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