Company offers 10 million shares to fund its Burkina Faso properties
By Devika Patel
Knoxville, Tenn., Feb. 9 - Roxgold Inc. said it will conduct an C$18.5 million private placement of stock.
The company will sell 10 million common shares at C$1.85 apiece on a bought-deal basis. The price per share is a 2.63% discount to the Feb. 8 closing share price of C$1.90.
The offering is being conducted through a syndicate of underwriters led by Cormark Securities Inc. and including GMP Securities LP, RBC Capital Markets Inc., Fraser Mackenzie Ltd., PI Financial Corp., Pope & Co. Ltd. and Toll Cross Securities Inc.
Settlement is expected Feb. 28.
Proceeds will be used for exploration of the company's Burkina Faso properties and for general working capital purposes.
The gold explorer is based in Vancouver, B.C.
| Issuer: | Roxgold Inc.
|
| Issue: | Common stock
|
| Amount: | C$18.5 million
|
| Shares: | 10 million
|
| Price: | C$1.85
|
| Warrants: | No
|
| Underwriters: | Cormark Securities Inc. (lead), GMP Securities LP, RBC Capital Markets Inc., Fraser Mackenzie Ltd., PI Financial Corp., Pope & Co. Ltd. and Toll Cross Securities Inc.
|
| Pricing date: | Feb. 9
|
| Settlement date: | Feb. 28
|
| Stock symbol: | TSX Venture: ROG
|
| Stock price: | C$1.90 at close Feb. 8
|
| Market capitalization: | C$140.44 million
|
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