By Sheri Kasprzak
Atlanta, April 6 - Guinor Gold Corp. said it has wrapped a private placement for C$86,794,098.
The company sold 82,661,046 special warrants at C$1.05 each.
The special warrants allow for one common share, assuming a prospectus is cleared through Canadian securities regulatory authorities and final consents and approvals are obtained from the Indonesian government for the purchase of the Kelian carbon-in-leach gold plant by June 4.
If those conditions are not met by June 4, the investors have the option to retract a portion of their special warrants.
The offering was placed through a syndicate of underwriters led by BMO Nesbitt Burns Inc. and including Haywood Securities Inc. and Wellington West Capital Inc.
Based in London, Guinor is a gold exploration company. It plans to use the proceeds to expand its LEFA Corridor gold project in Guinea, West Africa.
| Issuer: | Guinor Gold Corp.
|
| Issue: | Special warrants exchangeable into common shares
|
| Amount: | C$86,794,098
|
| Special warrants: | 82,661,046
|
| Price: | C$1.05
|
| Underwriters: | BMO Nesbitt Burns Inc. (lead); Haywood Securities Inc.; Wellington West Capital Inc.
|
| Settlement date: | April 6
|
| Stock price: | C$1.09 at close April 5
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
