Threegold Resources Inc.: $1,050,000 Non-Brokered Private Placement (2011-04-25)
Val-d’Or, Quebec, Canada –Threegold Resources Inc. (“Threegold” or the “Company”) is pleased to announce 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.
The net proceeds from this private placement will be used for general working capital purposes. Commissions or finder's fees may be paid to qualified entities up to the rates allowed by the TSX Venture Exchange. The financing is subject to the approval of the TSX Venture Exchange.
ABOUT THE COMPANY
Threegold Resources Inc. is a dynamic junior gold exploration and development company active in its search for high quality projects that meet the Company's corporate objectives. Threegold is focused on evaluating gold projects that have low production cost potential and contain the likelihood of a multi-million ounce plus deposit. Management is composed of an experienced team of exploration geologists and finance professionals with a proven track record in ore-body discovery and natural resource finance.
ON BEHALF OF THE BOARD
President and CEO
For Additional information, please contact:
Mr. Victor Goncalves
Mr. Sylvain Laberge
Mr. Antoine Fournier, P. Geo.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Join our email list
Sign up for our newsletters now!
Joint venture partner Bowmore intersects 68 metres grading 0.74 G/T gold at standard gold property (March 29, 2012)Read more...
Threegold intersects high grades on South Bay gold project including 1.01 g/t Au over 8.3 metres and up to 6.4 g/t (March 15, 2012)Read more...
Threegold Resources Inc. appoints Mr. Alain Berclaz as VP Exploration (February 22, 2012)Read more...