Mr. Ron Tremblay reports
LEVON ANNOUNCES CLOSING OF USD$5.4 MILLION PRIVATE PLACEMENT
Levon Resources Ltd. has closed a private placement with a group of U.S. investors, including Dr. Philip Frost, Barry Honig and Michael Brauser, that was announced on Oct. 15, 2014. Pursuant to the placement, Levon issued 27 million common shares at a price of 22 cents per share for gross proceeds of $5.4-million (U.S.). The common shares sold in the placement are subject to a four-month hold period under applicable Canadian securities laws which expires on Feb. 22, 2015.
Levon also announces that it has completed the previously announced purchase of 35,178,572 common shares of Pershing Gold Corp.
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