Loading ...“.. is pleased to announce that a prominent US resource investor has agreed to acquire approximately 9.9% of Columbus Gold, representing the entire private placement on amended terms from those announced on September 2, 2014, which include a reduction in the size and price of the offering. Overall, the amended placement is more favourable to Columbus Gold and its shareholders by eliminating the dilutive warrant component, and facilitating the financing to close promptly.
“The non-brokered private placement, as amended, will now consist of 13,400,000 common shares, at a price of $0.40 per share, for gross proceeds of $5.36 million.
“Robert F. Giustra, Chairman and CEO of Columbus Gold commented: “With the exclusion of the convertible warrant feature, this transaction clearly continues to demonstrate our enduring commitment to protecting our shareholders from unnecessary dilution.”
more: http://web.tmxmoney.com/article.php?newsid=70433834&qm_symbol=CGT
