- Cassiar Gold (GLDC) has announced a $6 million bought-deal public offering
- The company will issue 4,000,000 flow-through units to be resold to charitable purchasers at a price of C$1.50 per FT unit on a “bought deal” basis
- Proceeds from the offering will be used for the exploration of the company’s Cassiar Gold property in B.C.
- Cassiar Gold Corp. is a Canadian gold exploration company focused on projects in British Columbia
- Cassiar Gold Corp. (GLDC) is down 3.25 per cent on the day, trading at C$1.19 per share at 4 pm EST
Cassiar Gold (GLDC) has announced a $6 million bought-deal public offering.
The company will issue 4,000,000 flow-through units to be resold to charitable purchasers at a price of C$1.50 per FT unit on a “bought deal” basis for gross proceeds of $6,000,000.
Each FT unit will consist of one common share and one half of one common share purchase warrant. Each whole warrant shall entitle the holder to purchase one non-flow-through common share at a price of $1.60 within 24 months after the closing date of the offering.
The company has granted to the underwriters an over-allotment option to purchase up to an additional 15 per cent of the units sold for resale to charitable purchasers.
Proceeds from the offering will be used for the exploration of the company’s Cassiar Gold property in British Columbia.
Cassiar Gold Corp. is a Canadian gold exploration company focused on projects in British Columbia. The company’s key asset, the Cassiar Gold Project, is a large, highly prospective, gold property that encompasses the entire Cassiar gold mining district.
Cassiar Gold Corp. (GLDC) is down 3.25 per cent on the day, trading at C$1.19 per share at 4 pm EST.
