This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:High River Gold arranges $57-million equity financing 2009-10-27 13:02 ET - News Release Mr. Igor Klimanov reports HIGH RIVER GOLD ANNOUNCES PROPOSED $57 MILLION FINANCING
High River Gold Mines Ltd. has received confirmation from the Toronto Stock Exchange that it has accepted notice and conditionally approved the listing of up to 150 million common shares of the company in connection with a proposed private placement to Polenica Investments Ltd., an affiliate of Troika Dialog Group. Subject to negotiation of final agreements and due diligence, as well as the receipt and clearance of a personal information form in respect of Polenica by the TSX, Polenica will acquire 150 million shares, representing approximately 23.1 per cent of the 649,213,040 currently outstanding shares, at a price of 38 cents per share. The proceeds of the private placement will be used by High River to repay the approximately $27-million (U.S.) outstanding under the two credit agreements that were assigned by Standard Bank PlC to OAO Severstal as of April 20, 2009, with the balance being used to finance the exploration program at Buryatzoloto and for general corporate purposes.
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