Resource Capital buys 4,255,320 shares through non-brokered offering
By Devika Patel
Knoxville, Tenn., Sept. 2 – Corvus Gold Inc. said it completed a C$2 million non-brokered private placement of stock with Resource Capital Fund VI LP.
The company sold 4,255,320 common shares at C$0.47 per share. The price per share is a 6% discount to the Sept. 1 closing share price of C$0.50 and is also based on the five-day volume weighted average price ending Aug. 28, the company said in a press release.
The gold explorer is based in Vancouver, B.C.
Issuer: | Corvus Gold Inc.
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Issue: | Common shares
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Amount: | C$2 million
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Shares: | 4,255,320
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Price: | C$0.47
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Warrants: | No
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Agents: | Non-brokered
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Investor: | Resource Capital Fund VI LP
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Settlement date: | Sept. 2
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Stock symbol: | Toronto: KOR
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Stock price: | C$0.50 at close Sept. 1
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Market capitalization: | C$38.88 million
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