releaseGoldnev arranges $1.75-million private placement
2004-04-28 10:03 ET - News Release
Mr. Basil Pantages reports
Goldnev Resources has negotiated, subject to acceptance by the TSX Venture Exchange, a private placement of $1.75-million. These funds will be raised by the company issuing five million units at a price of 35 cents per unit, each unit consisting of one common share and one share purchase warrant, each warrant entitling the holder thereof to purchase one additional common share, exercisable for a period of six months from the date of issuance at a price of 50 cents per share.
The company has also agreed to pay a finder's fee in connection with this private placement by the issuance of common shares up to the maximum allowable pursuant to the policies of the TSX Venture Exchange.
Proceeds raised from the private placement will be used for further exploration and development of the company's mineral properties and for general working capital purposes.