Non-brokered offering sells units of one share, one warrant at C$0.35
By Devika Patel
Knoxville, Tenn., June 7 – Renaissance Gold Inc. said it plans a C$1 million non-brokered private placement of units.
The company will sell 2.86 million units of one common share and one warrant at C$0.35 per unit.
The three-year warrants will be exercisable at C$0.50 in the first year and at C$0.60 in the second and third years. The strike prices are 25% and 50% premiums, respectively, to the June 6 closing share price of C$0.40.
Proceeds will be used for work programs in Nevada and Utah and for general corporate purposes.
Vancouver, B.C.-based Renaissance explores for gold.
| Issuer: | Renaissance Gold Inc.
|
| Issue: | Units of one common share and a warrant
|
| Amount: | C$1,001,000
|
| Units: | 2.86 million
|
| Price: | C$0.35
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Three years
|
| Warrant strike price: | C$0.50 in the first year, C$0.60 in the second and third years
|
| Agent: | Non-brokered
|
| Pricing date: | June 7
|
| Stock symbol: | TSX Venture: REN
|
| Stock price: | C$0.40 at close June 6
|
| Market capitalization: | C$12.14 million
|
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