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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (3509)	2/6/2014 8:05:03 PM
From: Goose94	Read Replies (2) of 202037

Medgold Resources (MED-V) Feb 6, '14 has closed its previously announced non-brokered private placement by issuing 16.55 million units at 10 cents per unit, for gross proceeds of $1,655,000. Each unit consists of one common share and one warrant, each warrant entitling the holder to purchase one additional common share of the company at 15 cents for two years from closing. If the closing price of the company's shares is 21 cents or greater for a period of 10 consecutive trading days, the company may accelerate the expiry of the warrants by giving notice in writing to the holders, and in such case, the warrants will expire on the 30th day after the date on which such notice is given. The company also issued 36,500 warrants as finders' fees in connection with the financing. The finder's fee warrants have the same terms as the purchasers' warrants. All of the shares and warrants have a resale restriction until June 6, 2014. The net proceeds of the placement will be used toward exploration of the company's properties in Europe and for general working capital purposes.

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