Offering funds work in Finland, expanding drill program at Rantasalmi
By Devika Patel
Knoxville, Tenn., May 31 - Rebgold Corp. said it raised C$780,000 in the first tranche of a C$2 million non-brokered private placement of units on Wednesday. The deal priced May 8.
The company is selling 5 million units of one common share and one warrant at C$0.40 per unit. It sold 1.95 million units in the initial tranche.
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.
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
|
| Settlement date: | May 30 (for C$780,000)
|
| Stock symbol: | TSX Venture: RBG
|
| Stock price: | C$0.04 at close May 7
|
| Market capitalization: | C$6.38 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.
