By Devika Patel
Knoxville, Tenn., Oct. 14 -Trio Gold Corp. said it will take in C$1 million in a non-brokered private placement of units.
The company will sell 10 million units of one common share and one warrant at C$0.10 apiece. Each warrant will be exercisable at C$0.15 for 18 months.
Proceeds will be used for drilling.
Trio is a Calgary, Alta.-based mining company.
| Issuer: | Trio Gold Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1 million
|
| Units: | 10 million
|
| Price: | C$0.10
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.15
|
| Agent: | Non-brokered
|
| Pricing date: | Oct. 14
|
| Stock symbol: | TSX Venture: TGK
|
| Stock price: | C$0.12 at close Oct. 13
|
| Market capitalization: | C$7.33 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
