Company issued 14 million shares to fund its Burkina Faso properties
By Susanna Moon
Chicago, Feb. 28 - Roxgold Inc. said it completed a C$25.9 million bought-deal private placement of stock with Cormark Securities Inc. as lead underwriter. The deal priced for C$18.5 million on Feb. 9.
The company sold 14 million shares at C$1.85 each, which is a 2.63% discount to the Feb. 8 closing share price of C$1.90. Roxgold had planned to sell 10 million shares at that price.
The syndicate of underwriters also includes 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$25.9 million
|
| Shares: | 14 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
|
© 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.
