News out this morning
Radius Gold 11,149,983-share private placement
2023-06-05 19:33 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on April 25, 2023, and May 18, 2023.
Number of shares: 11,149,983 shares
Purchase price: 17.5 cents per share
Warrants: 11,149,983 share purchase warrants to purchase 11,149,983 shares
Warrant exercise price: 35 cents for a two-year period
Number of placees: 36 placees
Total existing insider involvement: 1,180,476 (one insider)
Total pro group involvement: 215,714 (two pro groups)
Finder's fee: $39,627.17 cash and 226,442 warrants
Finder's warrant terms: Each warrant entitles the holder to purchase one common share at the price of 35 cents for a period of two years from the date of issuance.
The company issued a news release on May 30, 2023, confirming the closing of the private placement. Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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