By Devika Patel
Knoxville, Tenn., May 25 - Radius Gold Inc. said it plans a C$3.5 million non-brokered private placement of units.
The company will sell 10 million units of one common share and one half-share warrant at C$0.35 per unit. Each whole warrant will be exercisable at C$0.50 for two years.
Proceeds will be used for drilling and general working capital.
The mineral explorer is based in Vancouver, B.C.
| Issuer: | Radius Gold Inc.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$3.5 million
|
| Units: | 10 million
|
| Price: | C$0.35
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.50
|
| Agent: | Non-brokered
|
| Pricing date: | May 25
|
| Stock symbol: | TSX Venture: RDU
|
| Stock price: | C$0.36 at close May 25
|
| Market capitalization: | C$19.3 million
|
© 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.
