Great Northern Gold Exploration Corp: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Great Northern Gold Exploration Corp Announces Increase To Non-Brokered Common Share Private Placement
Great Northern Gold Exploration Corp announced an increase to the non-brokered common share private placement from $250,000 to $750,000. The Company will issue up to 15,000,000 common shares at a purchase price of $0.05 to raise gross proceeds of up to $750,000. The net proceeds from the Private Placement will be used by the Company to fund the expenses associated with the business combination with the specialty finance and service company previously announced on July 11, 2013 (Transaction). The expenses associated with the Transaction include customary due diligence, legal, accounting, sponsorship, corporate finance fees, filing and other transactional fees. Any remaining funds following the close of the Transaction will be utilized as working capital by the resulting issuer. The Company will pay a finder's fee in connection with the Private Placement of 10% cash and 10% common share purchase warrants at a warrant exercise price of $0.05 per common share in the share capital of the Company, exercisable over a period of three years from the date of closing.
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