| Radius Gold (RDU-V) Feb 7, '14 as a result of its participation in a private placement in Medgold Resources (MED-V), has acquired for a purchase price of $500,000 direct ownership of five million units at a price of 10 cents per unit. Each unit consists of one common share of Medgold and one warrant to purchase an additional common share of Medgold exercisable at a price of 15 cents per share for two years. As a result of this transaction, and assuming the exercise of the warrants in full, Radius Gold would own 10 million common shares, which would represent 25.1 per cent of the then-issued-and-outstanding common shares of Medgold. However, the warrants have a restriction on exercise such that Radius may only exercise, at any given time, the number of warrants that will not result in Radius owning 20 per cent or more of Medgold's outstanding common shares.The shares were acquired by Radius for investment purposes, and it may, from time to time, directly or indirectly, acquire additional securities of Medgold. Radius has filed on SEDAR a report in accordance with National Instrument 62-103, and a copy of the report may be obtained by contacting Radius. |
