By Devika Patel
Knoxville, Tenn., July 21 - Taku Gold Corp. said it raised C$3.45 million in a private placement of units via agent Union Securities Ltd. The deal priced for C$3 million on June 1.
The company sold 13.24 million units at C$0.15 apiece and 9.76 million flow-through units at C$0.15 apiece.
Each unit consists of one common share and one warrant. Each flow-through unit consists of one flow-through common share and one half-share warrant.
Each whole warrant is exercisable at C$0.25 until July 16, 2012.
Proceeds will be used for exploration and working capital.
The mineral explorer is based in Vancouver, B.C.
| Issuer: | Taku Gold Corp.
|
| Issue: | Units of one common share and one warrant, flow-through units of one flow-through common share and a half-share warrant
|
| Amount: | C$3.45 million
|
| Price: | C$0.15
|
| Warrant expiration: | July 16, 2012
|
| Warrant strike price: | C$0.25
|
| Agent: | Union Securities Ltd.
|
| Pricing date: | June 1
|
| Settlement date: | July 21
|
| Stock symbol: | TSX Venture: TAK
|
| Stock price: | C$0.20 at close May 31
|
| Market capitalization: | C$3.3 million
|
|
|
| Units
|
| Amount: | C$1,986,000
|
| Units: | 13.24 million
|
| Warrants: | One warrant per unit
|
|
|
|
|
| Flow-through units
|
| Amount: | C$1,464,000
|
| Units: | 9.76 million
|
| Warrants: | One half-share warrant per unit
|
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