Key Developments: Pershing Gold Corp (PGLC.PK)

PGLC.PK on OTC Markets Group

0.28USD
19 Dec 2014
Price Change (% chg)

$-0.01 (-3.45%)
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$0.29
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$0.28
Volume
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552,188
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$0.43
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Latest Key Developments (Source: Significant Developments)

Pershing Gold Corporation raises $10 million in private placement
Monday, 20 Oct 2014 07:40pm EDT 

Pershing Gold Corporation:Says that it has raised $10 million in gross proceeds through the sale of 35,178,572 shares of the company's Common Stock.Or about 9.9 pct. of Pershing Gold's outstanding Common Stock following the transaction, to Levon Resources Ltd., and an additional 535,715 shares of Common Stock to an accredited investor.Says the common Stock was sold for $0.28 per share.Says an aggregate net proceeds to Pershing Gold, after commissions and before expenses, totaled $9.9 million.Says the private placement was completed on Oct. 20.  Full Article

Levon Resources acquires 9.9 pct of Pershing gold
Wednesday, 15 Oct 2014 07:59am EDT 

Levon Resources Ltd:Agrees to make an investment into Pershing Gold Corp in the amount of US$9.85 mln, acquiring 35,178,572 shares of common stock of Pershing, representing about 9.9 pct interest.Transaction is expected to close on or about Oct. 17.Pershing common stock is traded on the OTCQB under the symbol PGLC.  Full Article

Pershing Gold Corp raises $12.2 mln in private placements
Thursday, 31 Jul 2014 08:00am EDT 

Pershing Gold Corp:Raised about $12.2 mln in gross proceeds through sale of 35,854,259 Units.Each unit comprised of 1 share of common stock and a warrant to acquire 0.4 of share of common stock.Laidlaw & Co (UK) Ltd. served as exclusive placement agent in connection with the private offerings.Company expects to use net proceeds of private placements for advancement of the Company's Relief Canyon project and for general corporate purposes.  Full Article

Pershing Gold Corp Completes $11.1 Million Private Placement
Tuesday, 27 Aug 2013 07:55am EDT 

Pershing Gold Corp announced that it has completed its private placement of Series E Convertible Preferred Stock and warrants with a total of $11.1 million in gross proceeds, including amounts that were previously disclosed. The private placement consisted of the issuance of a total of 11,185 shares of Series E Convertible Preferred Stock for $990 per share. Each share of Series E Convertible Preferred Stock is convertible into shares of common stock at a conversion rate of 3,000 shares of common stock for each share of Series E Convertible Preferred (equivalent to a conversion price of $0.33 per share of common stock), or 33,555,000 shares of common stock in the aggregate. The investors also received three-year warrants to purchase an aggregate of 13,422,000 shares of common stock at an exercise price of $0.40 per share. These amounts include shares of Series E Convertible Preferred Stock and warrants that were issued to the remaining lender under the Credit Facility Agreement dated February 23, 2011, as amended, in exchange for the outstanding principal and accrued interest of approximately $646,000 owed by the Company under the Credit Facility Agreement. The Company expects to use the net proceeds of the private placement for advancement of the Company's Relief Canyon project and for general corporate purposes.  Full Article

Pershing Gold Corp Raises $9.0 Million In Private Placement
Monday, 12 Aug 2013 07:55am EDT 

Pershing Gold Corp announced that it has raised approximately $9.0 million through the sale of Series E Convertible Preferred Stock and warrants pursuant to subscription agreements with certain accredited investors. In addition, the remaining lender under the Credit Facility Agreement dated February 23, 2011, as amended, exchanged the outstanding principal and accrued interest of approximately $646,000 owed by the Company under the Credit Facility Agreement for shares of Series E Convertible Preferred Stock and warrants on equivalent terms to those investors purchasing in the private placement. The initial closing of the private placement, together with shares issued in exchange for amounts owed under the Credit Facility Agreement, consisted of the issuance of 9,743 shares of Series E Convertible Preferred Stock for $990 per share. Each share of Series E Convertible Preferred Stock is convertible into shares of common stock at a conversion rate of 3,000 shares of common stock for each share of Series E Convertible Preferred (equivalent to a conversion price of $0.33 per share of common stock), or 29,229,000 shares of common stock in the aggregate. The investors also received a three-year warrant to purchase an aggregate of 11,691,600 shares of common stock at an exercise price of $0.40 per share. The Company expects to use the net proceeds of the private placement for advancement of the Company's Relief Canyon project and for general corporate purposes.  Full Article

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