Offering funds work in Finland, expanding drill program at Rantasalmi
By Devika Patel
Knoxville, Tenn., May 8 - Rebgold Corp. said it has negotiated a C$2 million non-brokered private placement of units.
The company will sell 5 million units of one common share and one warrant at C$0.40 per unit.
Each warrant is exercisable at C$1.00 until Nov. 10, 2016.
Proceeds will be used to continue work at the company's projects in Finland, including expanding the drill program at Rantasalmi.
The company also said it has proposed to consolidate its share capital prior to the private placement on the basis of one post-consolidation common share for each 10 outstanding common shares. The share consolidation is subject to shareholder approval at a meeting on May 23.
Rebgold is a gold explorer in Toronto.
| Issuer: | Rebgold Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$2 million
|
| Units: | 5 million
|
| Price: | C$0.40
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Nov. 10, 2016
|
| Warrant strike price: | C$1.00
|
| Agent: | Non-brokered
|
| Pricing date: | May 8
|
| Stock symbol: | TSX Venture: RBG
|
| Stock price: | C$0.04 at close May 7
|
| Market capitalization: | C$6.38 million
|
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