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:King's Bay Gold closes $200,000 private placement 2009-11-23 17:43 ET - News Release Mr. John Archibald reports KINGS BAY GOLD CORPORATION ANNOUNCES THE CLOSING OF A PRIVATE PLACEMENT
King's Bay Gold Corp. closed a non-brokered private placement on Nov. 23, 2009. A total of two million units were purchased by subscribers resident in Ontario, at a purchase price of 10 cents per unit for gross subscription proceeds of $200,000. The offering is subject to the approval of the TSX Venture Exchange.
Each unit consisted of one Class A common share of the issuer, issued as a flow-through share, and one Class A common non-flow-through share purchase warrant. Each warrant entitles the holder thereof to purchase one Class A common share of the issuer at an exercise price of 13 cents per warrant for a period of 24 months following the date of issuance. The shares issued in connection with this non-brokered private placement are subject to a minimum hold period of four months plus one day.
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