question [re] PPonce the PP closes AUN warrants will NOT trade same as TXG.WT right ?!!?
TIA - M1DAS
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Torex Gold Resources Inc.'s 63.9 million common share purchase warrants have been exercised into an equivalent number of common shares of the company at a price of $1.30 per share, for total proceeds to the company of $83-million. Of this total, three million warrants were exercised before July 31, 2011.
"We want to thank our shareholders for their confidence and support since we first acquired the Morelos gold project two years ago," said Fred Stanford, president and chief executive officer of Torex. "These additional funds will allow us to accelerate the derisking of the Morelos gold project and to aggressively search for new discoveries on the property," he added.
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Aurcana Corp. has increased the size of its previously announced $25.4-million private placement financing to $30.0-million of units. Each unit consists of one common share in the capital of the company and one-half of one common share purchase warrant. The private placement offering is being conducted through a syndicate of agents led by RBC Capital Markets and including BMO Capital Markets, Dundee Securities Ltd. and Stonecap Securities Inc. In addition, the company has granted the agents an option, exercisable in whole or in part at any time up to 48 hours prior to closing of the offering, to offer an additional number of units representing 15 per cent of the offering on the same terms as the offering. The units are being offered and sold at a price of 65 cents per unit. The sale of 46.2 million units will deliver gross proceeds of approximately $30.0-million, before expenses related to the offering ($34.5-million if the overallotment option is exercised in full). Each full warrant will entitle the holder, on exercise, to purchase one additional common share of the company, at a price of $1 at any time until the close of business on the day which is 24 months from the date of issue of the warrant. All securities issued in connection with the offering will be subject to a hold period in Canada expiring on the day that is four months and one day from the closing of the offering. The net proceeds of the offering will be used for continuing construction of the Shafter mine, mill expansion at the La Negra mine, and for general corporate purposes and working capital. The offering is currently expected to close on or about Nov. 29, 2011, subject to the satisfaction of customary closing conditions and acceptance from the TSX Venture Exchange.