Canada Gold Corporation. (TSXV: CI) - Disappointing results from Colombia; Key Management Members Resign
Provider: Fundamental Research Corp
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Canada Gold Corp Arranges $120,000 Private Placement-Canada Stockwatch News
Canada Stockwatch News reported that Canada Gold Corp. has arranged a non-brokered private placement of two million units at a price of six cents per unit, for gross proceeds of $120,000. Each unit will consist of one common share and one non-transferable share purchase warrant, each full warrant entitling the holder to purchase one additional common share of the company at a price of 10 cents for a period of 24 months from the date of closing. Insider participation from directors or officers of the company is intended. The private placement will be subject to regulatory and TSX Venture Exchange approval. Finders' fees may be payable on this transaction. Proceeds from the private placement will be used for general working capital.
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