By Sheri Kasprzak
New York, July 14 - Tagish Lake Gold Corp. priced a C$1,000,008 private placement of flow-through units.
The non-brokered deal includes up to 5,555,600 units at C$0.18 each.
The units consist of one share and one half-share warrant. The full warrants are exercisable at C$0.22 each for 18 months.
Separately, the company plans to conduct another non-brokered private placement for C$810,000.
The company intends to sell 5.4 million non flow-through units at C$0.15 each.
The units include one share and one half-share warrant. Each whole warrant is exercisable at C$0.22 for 18 months.
Proceeds from both offerings will be used to advance exploration on the Skukum Creek gold-silver project and for general corporate purposes.
Richmond, B.C.-based Tagish Lake is a gold exploration company.
Flow-through units
Issuer: | Tagish Lake Gold Corp.
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Issue: | Flow-through units of one share and one half-share warrant
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Amount: | C$1,000,008
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Units: | 5,555,600
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Price: | C$0.18
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Warrants: | One half-share warrant per unit
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Warrant expiration: | 18 months
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Warrant strike price: | C$0.22
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Placement agent: | Non-brokered
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Pricing date: | July 14
|
Stock symbol: | TSX Venture: TLG
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Stock price: | C$0.17 at close July 14
|
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Non flow-through units
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Issuer: | Tagish Lake Gold Corp.
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Issue: | Non flow-through units of one share and one half-share warrant
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Amount: | C$810,000
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Units: | 5.4 million
|
Price: | C$0.15
|
Warrants: | One half-share warrant per unit
|
Warrant expiration: | 18 months
|
Warrant strike price: | C$0.22
|
Placement agent: | Non-brokered
|
Pricing date: | July 14
|
Stock symbol: | TSX Venture: TLG
|
Stock price: | C$0.17 at close July 14
|
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