|
Brigus Gold Corp. Increases Private Placement Financing of Flow-Through Shares to $5.6 Million HALIFAX, NOVA SCOTIA, Dec. 9, 2010 (Marketwire) -- NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES Brigus Gold Corp. ("Brigus" or the "Company") (TSX:BRD) is pleased to announce that it has entered a revised agreement with Primary Capital Inc. to offer a total of Cdn$5,644,890 of common shares of the Company designated as flow-through shares for purposes of the Income Tax Act (Canada) (the "Flow-Through Shares") on a guaranteed agency basis at a price of Cdn$2.07 per Flow-Through Share (the "Offering"). The revised agreement reflects an increase from the $4.0 million offering previously announced by the Company on December 7, 2010. The proceeds from the sale of the Flow-Through Shares will be used to incur eligible Canadian Exploration Expenses, as defined under the Income Tax Act (Canada), that will be renounced in favour of the purchasers with an effective date of no later than December 31, 2010. The funds will be used for Canadian exploration and development activities primarily at the Company's 100% owned Black Fox Complex and Stock Mine property, both located in the Timmins Mining District, Ontario. The closing of the Offering is expected to occur on or about December 17, 2010 and is subject to the completion of formal documentation, receipt of all necessary regulatory approvals, including the approval of the Toronto Stock Exchange and the NYSE Amex Equities Exchange, and other customary conditions. The Flow-Through Shares will be offered to residents of Canada pursuant to Regulation S of the U.S. Securities Act of 1933, as amended (the "Securities Act"). The Flow-Through Shares have not been registered under the Securities Act, and may not be offered or sold in the United States without registration or pursuant to an applicable exemption from the registration requirements of the Securities Act. The Flow-Through Shares will be subject to a four-month hold period in Canada. |
|
| aus der Diskussion: | Linear Gold 2008 - jetzt Brigus Gold |
| Autor (Datum des Eintrages): | Duffy12 (17.12.10 19:52:40) |
| Beitrag: | 559 von 1,118 (ID:40730816) |
| Alle Angaben ohne Gewähr © wallstreetONLINE | |