Source of 30 cent warrants????February 20, 2006 - Vancouver New Guinea Gold Corporation - NGG ("the Company") is pleased to announce that further to the Company's press releases dated January 6 and January 17, 2006, it has closed on the brokered Private Placement arrangement with Bolder Investment Partners Ltd. The total subscriptions represent 32,850,000 units (the "Units") priced at $0.20 per unit, raising gross proceeds of $6,570,000. The units consist of one share and one non-transferable share purchase warrant. Each warrant will be exercisable into an additional share for a period of two years from closing at an exercise price of $0.30. The Agents received cash commission of $429,662 plus 315,438 Units at a deemed price of $0.20 per Unit in lieu of cash and 3,285,000 Agent's Warrants. In addition, the Agents received a Corporate Finance Fee of 300,000 Units of the Company plus an administration fee of $7,500. The Agent's Warrants have the same terms as the clients' warrants.
The Company has also closed a non-brokered Private Placement of 2,150,000 Units at $0.20 per Unit, raising gross proceeds of $430,000. Finder's fees of $2,500 and 15,000 Agent's Warrants were paid in respect of the non-brokered placement.
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FROM LINK BELOW I GATHER SPROTT BOUGHT 5,031,750 AND MAY BUY THE WARRANTS OUTRIGHT WITHOUT DUMPING ????
ALTERNATIVE MONTHLY REPORT 09 March, 2006
https://www.newguineagold.ca/announcements/2006/PressReleases2006.html#mar09
PRESUMING THERE MAY BE A LOT IN RETAIL INVESTORS HANDS!