Pilot Gold reports plans to conduct private placement of equity units

Deal conducted with Teck Madencilik, Newmont Mining at C$1.65 per unit

By Devika Patel

Knoxville, Tenn., Oct. 17 - Pilot Gold Inc. said it will conduct a private placement of units with Teck Madencilik Sanayi Ticaret AS and Newmont Mining Corp.

The company will sell the units at C$1.65 apiece.

Settlement is expected on Nov. 1.

The gold and copper explorer is based in Vancouver, B.C.

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