Published on 5/3/2010 in the Prospect News PIPE Daily.
New Issue: Radius Gold plans to sell C$2.5 million of stock via private placement
By Devika Patel
Knoxville, Tenn., May 3 - Radius Gold Inc. said it plans a C$5 million non-brokered private placement of stock.
The company will sell 5,556,000 flow-through common shares at C$0.45 each.
Proceeds will be used for exploration.
The mineral explorer is based in Vancouver, B.C.
Issuer: | Radius Gold Inc.
|
Issue: | Flow-through common stock
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Amount: | C$2,500,200
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Shares: | 5,556,000
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Price: | C$0.45
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Warrants: | No
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Agent: | Non-brokered
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Pricing date: | May 3
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Stock symbol: | TSX Venture: RDU
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Stock price: | C$0.36 at close April 30
|
Market capitalization: | C$19.6 million
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