Staccato Gold increasing placement to $3-millHold on folks. Next pp will be at $2!
TB
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Staccato Gold increasing placement to $3-million
2006-01-26 21:53 ET - News Release
Mr. Greg Hryhorchuk reports
STACCATO INCREASES PLACEMENT WITH BOLDER
Bolder Investment Partners Ltd. and Staccato Gold Resources Ltd. have agreed to increase the private placement reported in Stockwatch on Jan. 25 from $2.4-million to up to $3.0-million through the sale of up to five million units, at 60 cents per unit. Each unit will consist of one common share and one-half of a non-transferable common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share at a price of 70 cents for a period of two years from the completion of the financing. The warrants are subject to acceleration provisions.
Proceeds from the offering will be used for the recently announced nine-hole drill program at Staccato's 100-per-cent-owned South Eureka project in the Cortez/Eureka trend, Nevada, and for working capital.