Offering funds exploration of the company's Burkina Faso properties
By Devika Patel
Knoxville, Tenn., Jan. 29 - Roxgold Inc. said it will raise about C$10 million in a private placement of stock. The deal has a 15% greenshoe.
The company will sell common shares at C$0.70 each on a best-efforts basis. The price per share is identical to the Jan. 28 closing share price.
Settlement is expected Feb. 7.
The deal will be conducted by a syndicate of agents co-led by Toll Cross Securities Inc. and Jennings Capital Inc. and including GMP Securities LP, and Raymond James Ltd.
Proceeds will be used for continued 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$10 million (approximate)
|
| Greenshoe: | 15%
|
| Price: | C$0.70
|
| Warrants: | No
|
| Agent: | Toll Cross Securities Inc. and Jennings Capital Inc. (co-leads), GMP Securities LP, and Raymond James Ltd.
|
| Pricing date: | Jan. 29
|
| Settlement date: | Feb. 7
|
| Stock symbol: | TSX Venture: ROG
|
| Stock price: | C$0.70 at close Jan. 28
|
| Market capitalization: | C$89.7 million
|
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