| Home : April 2011 : April 25, 2011 News : Threegold Resources Inc.: $1,050,000 Non-Brokered Private Placement |
Threegold Resources Inc.: $1,050,000 Non-Brokered Private Placement |
April 25, 2011
VAL-D'OR, QUEBEC--(Marketwire - April 25, 2011) -Threegold Resources Inc. (TSX VENTURE:THG) is pleased to announce that it has initiated a non-brokered private placement of up to 3,500,000 units at a price of $0.30 per unit, for aggregate gross proceeds of up to CDN$1,050,000. Each unit will consist of one common share and one full share purchase warrant. Each Warrant will be exercisable to purchase one common share of the Company for 12 months, at a price of $.40 per share. The warrants may subject to a forced conversion, which comes into effect once the shares trade above a weighted average price of $0.60 for a twenty consecutive trading-day period. In the event of a forced conversion the warrant holders will have 30 days to exercise warrants.
http://www.marketwire.com/mw/release.do?id=1505952&sourceType=3
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