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[posting]40074672[/posting]Der Fortschritt bei Continental Gold steht und fällt mit der Finanzierung. :-) Super News daher gestern nach Börsenschluss in Kanada. http://www.continentalgold.com/news/index.php?&content_id=69 Continental Gold Limited Announces $57,000,000 Private Placement Financing August 31, 2010 Toronto, Ontario - Continental Gold Ltd. ("Continental" or the "Company") (TSX:CNL), is pleased to announce that it has entered into a financing agreement pursuant to which a syndicate co-led by TD Securities Inc. and Clarus Securities Inc. (together, the "Underwriters"), has offered to purchase, on a bought deal private placement basis, 10,000,000 units (the "Units") of the Company at a price of $5.70 per Unit (the "Issue Price") for total gross proceeds of $57,000,000 (the "Offering").� Continental Gold has also granted the Underwriters an option to purchase up to an additional 2,000,000 Units, which is exercisable by the Underwriters at any time up to 2 business days prior to closing. Each Unit will consist of one common share and one-half of one common share purchase warrant.� Each whole warrant shall entitle the holder to acquire an additional common share at a price of $7.50 during the period ending 24 months following the closing of the Offering. In the event that the closing sale price of the Company´s common shares on the Toronto Stock Exchange is greater than $9.75 per share for a period of 20 consecutive trading days at any time after closing of the Offering, the Company may accelerate the expiry date of the Warrants by giving notice to the holders thereof and in such case the Warrants will expire on the 30th day after the date on which such notice is given by the Company. The Units issued with respect to the Offering will be subject to a four month hold period in accordance with applicable Canadian securities laws. The closing of the Offering is expected to occur on or about September 16, 2010 and is subject to receipt of all necessary regulatory approvals including that of the Toronto Stock Exchange. The net proceeds from the Offering will be used to fund development of the Company´s mineral properties in Colombia and for general corporate purposes. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless an exemption from such registration is available. About Continental Gold Limited Continental Gold Limited is an advanced-stage exploration company with eight gold projects covering 200,000 hectares in Colombia. Spearheaded by a management team with over 40 years of exploration and mining experience in South America, the Company has begun an aggressive exploration program on its extensive portfolio of properties with a focus on its flagship high-grade gold project, Buriticá and Berlin, a second project with an aggressive exploration mapping and drilling program underway. Additional details on the Buriticá project and the rest of Continental Gold�s suite of gold exploration properties are available at www.ContinentalGold.com |
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| aus der Diskussion: | Diskussion zu Continental Gold ( TSX: CNL ) |
| Autor (Datum des Eintrages): | visas (01.09.10 10:13:15) |
| Beitrag: | 10 von 223 (ID:40079942) |
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