OTCQX:BGMZF - Post by User
Post by
yaponskion Mar 19, 2014 4:27pm
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Post# 22343016
PP traunches are getting smaller
PP traunches are getting smaller TORONTO, ONTARIO – March 19, 2014, Auriga Gold Corp. (TSX-V: “AIA”) (“Auriga Gold” or the
“Company”) is pleased to announce that it has closed on an additional tranche of its previously announced non-brokered private placement for aggregate gross proceeds of $17,500 through the issuance of 50,000 common shares (“Common Shares”) in the capital of the Company at a price of $0.35 per Common Share.
The previous closes weren't much better either. $336K in Febrary and $162K earlier in March.
So, all in all, BGM deserves a warm round of applause for getting as much of the planned placement down as they have. But given stock price action, I doubt there will be too many double dippers going in for more. IMO BGM should have included some 5 year warrants...