- Angold Resources (AAU) has announced a private placement for gross proceeds of up to $800,854
- The company will issue up to 5,720,386 units at a price of $0.14 per unit
- Net proceeds will be used for working capital and general corporate purposes
- Angold is a gold exploration and development company
- Angold Resources Ltd. (AAU) opened trading at C$0.11 per share
Angold Resources (AAU) has announced a private placement for gross proceeds of up to $800,854.
The company will issue up to 5,720,386 units at a price of $0.14 per unit. Each unit will consist of one common share and one share purchase warrant. will entitle the holder to purchase one additional share at an exercise price of $0.20 for three years following the closing date of the offering.
All securities issued will be subject to a four-month hold period under Canadian securities laws.
Net proceeds will be used to advance the company’s projects as well as for general working capital purposes.
Angold is a gold exploration and development company targeting large-scale mineral systems in Maricunga, Nevada and Ontario. Angold owns a 100 per cent interest in the Dorado, Cordillera and South Bay-Uchi projects.
Angold Resources Ltd. (AAU) opened trading at C$0.11 per share.