Offering funds exploration of the company's Burkina Faso properties
By Devika Patel
Knoxville, Tenn., Feb. 11 - Roxgold Inc. said it took in C$10.48 million in a private placement of stock. The deal priced for about C$10 million with a 15% greenshoe on Jan. 29.
The company sold 14,973,214 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. Of the shares, 687,214 were part of the partially exercised greenshoe.
The deal was 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$10,481,250 (including C$481,050 greenshoe)
|
| Shares: | 14,973,214
|
| Price: | C$0.70
|
| Warrants: | No
|
| Agents: | Toll Cross Securities Inc. and Jennings Capital Inc. (co-leads), GMP Securities LP and Raymond James Ltd.
|
| Pricing date: | Jan. 29
|
| Settlement date: | Feb. 11
|
| Stock symbol: | TSX Venture: ROG
|
| Stock price: | C$0.70 at close Jan. 28
|
| Market capitalization: | C$79.45 million
|
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