By Sheri Kasprzak
Atlanta, Nov. 29 - Randsburg International Gold Corp. said Friday it will raise C$1.8 million in a private placement.
The offering consists of 1 million non flow-through units at C$1.80 each and 1.5 million flow-through shares at C$2 each. The units consist of one share and one warrant.
The warrants associated with the unit allow for an additional share at C$2.25 each for two years.
Based in Toronto, Randsburg is a metals, minerals and diamond exploration company. The company plans to use the proceeds from the flow-through shares for exploration on its Titan project and other properties in Ontario. The non flow-through units will be used for exploration and drilling on the company's Elephant Gold-Silver joint venture project in Nevada and for working capital.
| Issuer: | Randsburg International Gold Corp.
|
| Issue: | Flow-through shares and non flow-through units of one share and one warrant
|
| Amount: | C$1.8 million
|
| Announcement date: | Nov. 26
|
| Stock price: | C$2.15 at close Nov. 26
|
|
|
| Flow-through shares
|
| Issue: | Flow-through shares
|
| Shares: | 1.5 million
|
| Price: | C$2
|
| Warrants: | No
|
|
|
| Non flow-through units
|
| Issue: | Non flow-through units of one share and one warrant
|
| Shares: | 1 million units
|
| Price: | C$1.80
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$2.25
|
|
|
© 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.
