TSX:SGR.UN - Post by User
Post by
marketmineron Dec 28, 2006 6:44pm
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Post# 11930576
Good demand for the flow through
Good demand for the flow throughSan Gold increases offering up to $8-million at $1.50
San Gold Corp (C:SGR)
Shares Issued 124,800,817
Last Close 12/28/2006 $1.37
Thursday December 28 2006 - News Release
Mr. Dale Ginn reports
SAN GOLD CORPORATION ANNOUNCES INCREASE TO PRIVATE PLACEMENT OFFERING
San Gold Corp. plans to increase the size of the current private placement offering of the corporation of up to four million common shares of the corporation to be issued as flow-through shares within the meaning of the Income Tax Act (Canada) at a price of $1.50 per share for total gross proceeds of up to $6-million. The offering was first announced in Stockwatch on Dec. 20, 2006. The corporation has determined to increase the size of the offering to up to 5,333,333 flow-through shares for gross proceeds of up to $8-million due to greater than expected demand for the offering. The corporation expects that the offering will close on Dec. 29, 2006.
© 2006 Canjex Publishing Ltd.