International Finance buys 1.63 million common shares at C$3.40 apiece
By Devika Patel
Knoxville, Tenn., March 1 - Guyana Goldfields Inc. said it will conduct a C$5.55 million private placement of stock with International Finance Corp.
The company will sell 1,633,335 common shares at C$3.40 per share. The price per share represents a 5.92% premium to the Feb. 28 closing share price of C$3.21.
Proceeds will be used to fund the development of the Aurora Gold project, for exploration expenditures and general corporate purposes.
Toronto-based Guyana Goldfields is a gold explorer.
| Issuer: | Guyana Goldfields Inc.
|
| Issue: | Common stock
|
| Amount: | C$5,553,339
|
| Shares: | 1,633,335
|
| Price: | C$3.40
|
| Warrants: | No
|
| Investor: | International Finance Corp.
|
| Pricing date: | March 1
|
| Stock symbol: | Toronto: GUY
|
| Stock price: | C$3.21 at close Feb. 28
|
| Market capitalization: | C$395.88 million
|
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