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Solvista Gold Corp Announces Closing Of Amended Non-Brokered Private Placement For $5,593,170


Wednesday, 27 Feb 2013 08:00am EST 

Solvista Gold Corp announced that the completion and over-subscription of its non-brokered private placement financing on February 26, 2013, raising gross proceeds of $5,593,170 through the sale of 12,429,266 units (the Units) at an amended price of $0.45 per Unit (the Offering).Each Unit consists of one common share ("Common Share") and one Common Share purchase warrant ("Warrant") of Solvista. Each Warrant entitles the holder to acquire one Common Share at an amended exercise price of $0.60 until February 26, 2015. In connection with the Offering, an aggregate of $137,300 in cash was paid and an aggregate of 355,555 Units were issued, as finder's fees to certain eligible finders. The proceeds of the Offering will be used for exploration and general working capital purposes. The securities issued pursuant to the Offering will be subject to a statutory four month and one day hold period. The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. 

Company Quote

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22 Dec 2014