Hard cash raise at 0.05????wow.... Interesting to see that 7 people were willing to give Patrick some $$$ at 0.05. Very interesting actually. What do they know? Just a thought. Don't forget that there are currently 600 grab samples in the lab and some should be in soon. This should give Pat a better idea of what is on the Moe River property....hint hint..they already have 400,000 ounces there...Bulk sampling at Beauce should start very soon. This will give them an excellent idea of cost of extraction on the Beauce property plus the Moe River property. So hopefully there is some $$ generation from the bulk sampling which will give them the ability to drill more.CheersPlease do your due diligence.Uragold Bay 3.75-million-share private placementTicker Symbol: C:UBRUragold Bay 3.75-million-share private placementUragold Bay Resources Inc (C:UBR)Shares Issued 142,800,532Last Close 9/12/2011
.035Tuesday September 13 2011 - Private PlacementThe TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement.Number of shares:3.75 million common shares Purchase price:Five cents per common share Warrants:3.75 million warrants to purchase a maximum of 3.75 million common shares Warrant exercise price:10 cents per share for a period of 24 months following the closing of the private placement Hidden placees:Seven hidden placeesThe company has confirmed the closing of the above-mentioned private placement by way of a news release dated Sept. 8, 2011.© 2011 Canjex Publishing Ltd.