New Issue: Radius Gold plans to sell C$2.5 million of stock via private placement

By Devika Patel

Knoxville, Tenn., May 3 - Radius Gold Inc. said it plans a C$5 million non-brokered private placement of stock.

The company will sell 5,556,000 flow-through common shares at C$0.45 each.

Proceeds will be used for exploration.

The mineral explorer is based in Vancouver, B.C.

Issuer:	Radius Gold Inc.
Issue:	Flow-through common stock
Amount:	C$2,500,200
Shares:	5,556,000
Price:	C$0.45
Warrants:	No
Agent:	Non-brokered
Pricing date:	May 3
Stock symbol:	TSX Venture: RDU
Stock price:	C$0.36 at close April 30
Market capitalization:	C$19.6 million

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