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Touchstone Gold Ltd Announces Issue Of Equity


Friday, 30 Nov 2012 06:30am EST 

Touchstone Gold Ltd announced that it has raised approximately CAD5,508,400 (before expenses) by way of a placing of 34,427,500 units at a price of 10 pence per unit, comprising one common share of no par value in the capital of the Company ("Placing Shares") and one-half of one common share purchase warrant of the Company (each whole common share purchase warrant, a "Warrant" and together with the above mentioned ratio of Placing Shares, a "Unit"). Each Warrant entitles the holder thereof to purchase one common share of no par value in the capital of the Company at a price of 15 pence up to and including 5 December 2014. The issue of equity has been carried out under existing share allotment authorities. Proceeds from the fundraising will go towards Touchstone's stage 4 exploration programme on the Rio Pescado, El Cinco, and San Miguel properties and general corporate purposes. 

Company Quote

0.51
-0.04 -7.08%
10:15am EDT