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Provider: Reuters Investment Profile

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Parkside Resources Corp Announces $500,000 Non-Brokered Private Placement

Friday, 16 Nov 2012 07:10am EST 

Parkside Resources Corp announced that a non-brokered private placement comprised of 3,000,000 Non-Flow-Through Units at a price of $0.10 per Unit; and 1,666,666 Flow-Through Units at a price of $0.12 per FT Unit for gross proceeds of up to $500,000. Each Unit will consist of one common share and one share purchase warrant, entitling the holder to purchase one common share at $0.20per share at any time until the close of business on the day which is 30 months from the date of issue of the Warrant. Each FT Unit will consist of one flow-through common share and one Warrant. The Company intends to use the gross proceeds from the sale of the Units and FT Units to fund a portion of a 1,500m winter 2013 drill program on the Company's Forester Lake Property and for general working capital purposes. 

Company Quote

-0.0050 -33.33%
20 Jun 2014