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To: Goose94 who wrote (60)10/26/2012 1:10:37 PM
From: Goose94Respond to of 203037
 
Prosperity Goldfields (PPG-V) arranges $3.5-million financing...

News Release - Oct 26, 2012

Prosperity Goldfields Corp. has arranged a brokered private placement with a syndicate of agents led by Secutor Capital Management and including Jennings Capital Inc. The offering will consist of the issuance of up to 15,000,000 flow-through units ("Flow-Through Units") and 2,941,176 units ("Units") on a best-efforts basis at a price of 20 cents per Flow-Through Unit and 17 cents per Unit, for aggregate gross proceeds of up to $3.5 million.

The Company intends to use the net proceeds of the Offering for exploration and drilling activities on the Company's Kiyuk property this winter and for working capital.

Each Flow-Through Unit will consist of one "flow-through share", as defined in subsection 66(15) of the Income Tax Act (Canada) and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Unit will consist of one common share and one-half of one Warrant. Each Warrant will entitle the holder to purchase one common share of the Company (on a non-flow-through basis) at an exercise price of 28 cents until the date which is 18 months following completion of the Offering.



To: Goose94 who wrote (60)11/19/2012 4:05:17 PM
From: Goose94Read Replies (2) | Respond to of 203037
 
Prosperity Goldfields (PPG-V) closes $3.2-million private placement.

Nov 19, 2012 - News Release

Prosperity Goldfields Corp. has closed its private placement (previously announced in its news release of Oct. 26, 2012) and issued an aggregate of 16,125,000 units (15.45 million flow-through units at 20 cents per unit and 675,000 non-flow-through units at 17 cents per unit) for aggregate gross proceeds of $3,204,750. Each flow-through unit consists of one flow-through share and one-half of one common share purchase warrant. Each non-flow-through unit consists of one common share and one-half of one common share purchase warrant. Each whole common share purchase warrant entitles the holder to purchase one additional common share on a non-flow-through basis at an exercise price of 28 cents per common share until May 19, 2014.

The offering was a brokered private placement with a syndicate of agents co-led by Secutor Capital Management Corp. and Marquest Capital Markets. The agents, including all members of the selling group, and certain finders were paid the following aggregate consideration: (i) a 7-per-cent cash commission and (ii) 1,128,750 compensation options entitling the agents to purchase an equivalent number of common shares of the company on a non-flow-through basis. Each compensation option is exercisable to acquire one common share of the company at a price of 20 cents per common share until May 19, 2014.