Legarleon assists; funds for general company purposes, acquisitions
By Toni Weeks
San Diego, July 5 - Yinfu Gold Corp. said it has negotiated a placing agreement with Legarleon Securities Ltd. to sell up to $3 million of shares on a best-efforts basis.
Proceeds will be used for general company purposes and future acquisitions.
The mineral exploration and mining company is based in Kowloon, Hong Kong, and owns the Penglai gold mine in Shangdong, China.
| Issuer: | Yinfu Gold Corp.
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| Issue: | Shares
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| Amount: | $3 million
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| Agent: | Legarleon Securities Ltd.
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| Announcement date: | July 5
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| Stock symbol: | OTCQB: ELRE
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| Stock price: | $0.10 at close July 3
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