Also great news for GWY.... as they are neighbors(!)
Ross Beaty enters CB Gold! History repeats..?!
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October 27, 2011 08:00 ET
CB Gold Announces $11 Million Non-Brokered Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 27, 2011) - CB Gold Inc. (TSX VENTURE:CBJ) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES
CB Gold Inc. ("CB Gold" or the "Company") announces that it has arranged for a non-brokered private placement of
10,000,000 units (the "Units") at a price of Cdn$1.10 per Unit, for gross proceeds of Cdn$11 million. The private
placement has been fully subscribed by Lumina Capital Limited Partnership ("Lumina").
Each Unit is comprised of one common share of the Company and one-half of one common share purchase
warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable for one common share of the Company
at a price of Cdn$1.40 per share for a period of three years from the date of issuance.