Non-brokered deal sells shares to African Underground Mining Services
By Devika Patel
Knoxville, Tenn., July 20 – Roxgold Inc. said it completed a $5 million non-brokered private placement of stock with African Underground Mining Services Ltd.
The company sold 8,979,286 common shares.
Proceeds will be used for development and exploration of the Yaramoko Gold Project and general corporate purposes.
The gold explorer is based in Vancouver, B.C.
| Issuer: | Roxgold Inc.
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| Issue: | Common stock
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| Amount: | $5 million
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| Shares: | 8,979,286
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| Warrants: | No
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| Agent: | Non-brokered
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| Investor: | African Underground Mining Services Ltd.
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| Settlement date: | July 20
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| Stock symbol: | TSX Venture: ROG
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| Stock price: | C$0.67 at close July 17
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| Market capitalization: | C$192.78 million
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