Canadian gold explorer sells 12,917,999 of its units at C$0.35 apiece
By Devika Patel
Knoxville, Tenn., July 19 - Redstar Gold Corp. said it settled a non-brokered private placement of units for C$4.52 million. The deal priced on June 29 and was increased to C$4.2 million from C$2.8 million on July 6.
The company sold 12,917,999 units of one common share and one half-share warrant at C$0.35 apiece.
Each whole warrant will be exercisable at C$0.60 for two years. The strike price represents a 55.84% premium to the C$0.385 closing share price on June 28.
Redstar is a gold exploration company based in Vancouver, B.C.
| Issuer: | Redstar Gold Corp.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$4,521,300
|
| Units: | 12,917,999
|
| Price: | C$0.35
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.60
|
| Agent: | Non-brokered
|
| Pricing date: | June 29
|
| Upsized: | July 6
|
| Settlement date: | July 19
|
| Stock symbol: | TSX Venture: RGC
|
| Stock price: | C$0.385 at close June 28
|
| Market capitalization: | C$22.58 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.
