1.85 mil
CB Gold arranges $1.85M (U.S.) placement to Red Eagle
2016-01-07 18:52 ET - News Release
Also News Release (C-RD) Red Eagle Mining Corp
Mr. Patrick Balit of CB Gold reports
CB GOLD ANNOUNCES PRIVATE PLACEMENT
CB Gold Inc. has arranged a non-brokered private placement to Red Eagle Mining Corp. of 51,670,500 common shares issued at a price of five cents per share for total gross proceeds of $1.85-million (U.S.) ($2,583,525 (Canadian)). Subsequent to the placement, Red Eagle Mining will hold an aggregate of 159,198,472 shares of CB Gold, representing 61 per cent of the issued and outstanding CB Gold shares. The shares are subject to a four-month hold period from the date of issuance.
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