By Laura Lutz
Des Moines, Nov. 26 - Threegold Resources Inc. arranged a private placement of units for up to C$4 million.
The company plans to sell C$3 million of flow-through A units at C$1,300 each and C$1 million of non flow-through B units at C$1,000.
Desjardins Securities Inc. will be the agent.
Each A unit will consist of 1,500 flow-through shares and 500 non flow-through shares. Each B unit will consist of 2,000 non flow-through shares and warrants for 1,000 non flow-through shares.
The warrants will be exercisable at C$0.65 per share for one year.
Threegold plans to offer the units Quebec.
Settlement is expected on Dec. 21.
Proceeds will be used for exploration on the company Quebec properties and for working capital and general corporate purposes.
Threegold is a resource exploration company based in Val-d'Or, Quebec.
| Issuer: | Threegold Resources Inc.
|
| Issue: | A units of 1,500 flow-through shares and 500 non flow-through shares; B units of 2,000 non flow-through shares and warrants for 1,000 non flow-through shares
|
| Amount: | C$4 million
|
| Agent: | Desjardins Securities Inc.
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| Pricing date: | Nov. 26
|
| Settlement date: | Dec. 21
|
| Stock symbol: | TSX Venture: THG
|
| Stock price: | C$0.48 at close Nov. 26
|
|
|
| A units
|
| Amount: | C$3 million
|
| Price: | C$1,300
|
| Warrants: | No
|
|
|
| B units
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| Amount: | C$1 million
|
| Price: | C$1,000
|
| Warrants: | For 1,000 shares per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.65
|
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