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Angel Gold Corp Announces Non-Brokered Private Placement


Friday, 18 Jan 2013 11:29am EST 

Angel Gold Corp announced a non-brokered private placement raising gross proceeds of up to $1,000,000 through the sale and issuance of up to 10 million units at a price of $0.10 per unit. Each unit is comprised of one common share of the Company and a one-half share purchase warrant. Each whole share purchase warrant entitles the holder to purchase one additional common share of the Company at a price of $0.15 per share for a period of two years from the date of closing of the non-brokered private placement. The units issued with respect to the offering will be subject to a four month hold period in accordance with applicable Canadian Securities Laws. A portion of the private placement may be subject to a finder's fee that will be payable at 6% in cash or units with respect to certain private placement subscribers and in accordance with the policies of the TSX Venture Exchange. The finder's fee units are subject to the same terms as the private placement units above. Proceeds from the private placement will be used to commence a drilling program on Angel's El Cafetal property in Colombia and for general working capital. The non-brokered private placement is subject to the approval of the TSX Venture Exchange. 

Company Quote

0.075
-0.0050 -6.25%
25 Jul 2014