News Aug 31
Damara Gold closes $250,000 private placement 2017-08-31 17:35 ET - News Release Mr. Larry Nagy reports DAMARA CLOSES NON-BROKERED PRIVATE PLACEMENT Damara Gold Corp. has completed the non-brokered private placement for five million units at a price of five cents per unit, previously announced on Aug. 3, 2017, for gross proceeds of $250,000. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase an additional common share of the company at a price of 10 cents until Aug. 31, 2020. All securities issued in the placement are subject to a statutory hold period ending Jan. 1, 2018. The company confirms no finders' fees were paid in connection with the placement. Proceeds from this financing shall be used for investigating project acquisitions and general corporate purposes.