Deal funds drilling at Rantasalmi Project and general working capital
By Devika Patel
Knoxville, Tenn., Feb. 16 - Rebgold Corp. said it closed its C$1 million non-brokered private placement of units. The deal priced for C$2 million on Nov. 8 and raised C$1 million on Nov. 22.
The company sold 20 million units of one common share and one warrant at C$0.05 per unit.
Each warrant is exercisable at C$0.10 until Nov. 10, 2016. The strike price is a 150% premium to the Nov. 7 closing share price of C$0.04.
Proceeds will be used for drilling at the Rantasalmi Project in Finland and for general working capital.
Rebgold is a gold explorer in Toronto.
| Issuer: | Rebgold Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1 million
|
| Units: | 20 million
|
| Price: | C$0.05
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Nov. 10, 2016
|
| Warrant strike price: | C$0.10
|
| Agent: | Non-brokered
|
| Pricing date: | Nov. 8
|
| Settlement date: | Nov. 22
|
| Stock symbol: | TSX Venture: RBG
|
| Stock price: | C$0.04 at close Nov. 7
|
| Market capitalization: | C$7.29 million
|
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