Adventure Gold (AGE-V) June 12, '14 has closed a private placement totalling 5,429,411 units, at a price of 17 cents per unit, for total proceeds of $922,999.87.
Each unit consists of one common share of the company and one-half of one share purchase warrant. Each warrant entitles the holder to acquire one common share of the company at a price of 25 cents per share for a period of 18 months ending Dec. 12, 2015.
In connection with the offering, the company paid finders' fees totalling $37,680 and issued, as additional remuneration, 102,117 non-transferable warrants entitling the holder to acquire the same number of common shares of the company at a price of 17 cents per share for a period of 18 months ending Dec. 12, 2015.
In connection with the offering, the Fonds de solidarite FTQ and the Fonds regional de solidarite FTQ Abitibi-Temiscamingue participated in the financing for an amount of $400,000 and $75,000, respectively.
The offering is subject to the final approval of the TSX Venture Exchange. The securities issued in connection with the offering are subject to a four-month hold period ending Oct. 13, 2014. |
