Non-brokered deal funds exploration, development of Talapoosa project
By Devika Patel
Knoxville, Tenn., Nov. 10 - Christopher James Gold Corp. said it will sell 1.5 million common shares at C$1.10 apiece in a non-brokered private placement of units.
The company plans to take in C$1.65 million by selling the shares at a 685.71% premium to the Nov. 9 closing share price of C$0.14.
The company also said its shareholders approved its planned acquisition of Chesapeake Gold Corp.'s interests in the Talapoosa gold-silver project in Lyon County, Nev., and the La Cecilia and La Gitana gold-silver projects in Mexico for a payment of 31,977,899 shares.
Proceeds will be used for exploration and development of the Talapoosa, La Cecilia and La Gitana mineral properties and for general corporate purposes.
Christopher James is a mineral explorer based in Vancouver, B.C.
| Issuer: | Christopher James Gold Corp.
|
| Issue: | Common shares
|
| Amount: | C$1.65 million
|
| Units: | 1.5 million
|
| Price: | C$1.10
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Nov. 10
|
| Stock symbol: | TSX Venture: CJC
|
| Stock price: | C$0.14 at close Nov. 9
|
| Market capitalization: | C$8.01 million
|
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