By Devika Patel
Knoxville, Tenn., April 21 - Taku Gold Corp. said it plans a C$2 million non-brokered private placement of units.
The company will sell 8 million units at C$0.25 apiece. Each unit consists of one common share and one half-share warrant, with each whole two-year warrant exercisable at C$0.35 in the first year and at C$0.50 thereafter.
Proceeds will be used to advance Taku's aggressive acquisition and exploration strategy in the White Gold district of Yukon.
The mineral explorer is based in Vancouver, B.C.
| Issuer: | Taku Gold Corp.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$2 million
|
| Units: | 8 million
|
| Price: | C$0.25
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.35 in the first year, C$0.50 thereafter
|
| Agent: | Non-brokered
|
| Pricing date: | April 21
|
| Stock symbol: | TSX Venture: TAK
|
| Stock price: | C$0.23 at close April 20
|
| Market capitalization: | C$2.71 million
|
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