Deal sells 25,783,352 units of one share and one half-share warrant
By Devika Patel
Knoxville, Tenn., Sept. 2 – Roxgold Inc. plans an C$18.4 million private placement of units with IFC, according to a press release from the investor.
The company will sell 25,783,352 units of one common share and one half-share warrant at C$0.7136 per unit.
Each full warrant will be exercisable at C$0.90 for two years. The strike price reflects a 28.57% premium to the Sept. 1 closing share price of C$0.70.
Settlement is expected in early September.
The gold explorer is based in Vancouver, B.C.
| Issuer: | Roxgold Inc.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$18,399,000
|
| Units: | 25,783,352
|
| Price: | C$0.7136
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration | Two years
|
| Warrant strike price: | C$0.90
|
| Investor: | IFC, a unit of the World Bank Group
|
| Pricing date: | Sept. 2
|
| Settlement date: | Sept. 16
|
| Stock symbol: | TSX Venture: ROG
|
| Stock price: | C$0.70 at close Sept. 1
|
| Market capitalization: | C$192.78 million
|
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