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HFC101on Dec 01, 2009 9:03am
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High River $57-million investor clears TSX hurdle
High River $57-million investor clears TSX hurdleHigh River $57-million investor clears TSX hurdle
. Igor Klimanov reports
HIGH RIVER GOLD ANNOUNCES CLEARANCE OF PIF IN CONNECTION WITH CDN$57 MILLION FINANCING
The Toronto Stock Exchange has received and cleared the personal information form in respect of Polenica Investments Ltd. in connection with the previously announced proposed private placement of 150 million common shares of High River Gold Mines Ltd. to Polenica, an affiliate of Troika Dialog Group.
As previously announced, the TSX has conditionally approved the private placement, which involves Polenica acquiring the shares at a price of 38 cents per share for total proceeds of approximately $57-million. Closing of the private placement is expected to occur on or about Dec. 2, 2009
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We seek Safe Harbor.