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TrueGold Mining Inc Closes Financing

Thursday, 9 May 2013 12:15pm EDT 

TrueGold Mining Inc announced that the Company has closed the C$9,999,999.90 non-brokered private placement with Teck Resources Limited (Teck) announced on May 8, 2013. True Gold issued 30,303,030 common shares at a price per Share of $0.33 to Teck. Teck holds 32,053,030 Shares, representing approximately 15% of shares outstanding. Proceeds of the Placement will be used to accelerate exploration at True Gold's Karma Gold Project and the Liguidi Project in Burkina Faso, West Africa, and for general working capital purposes. 

Company Quote

0.01 +5.56%
3:54pm EDT