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VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 22, 2014) - CANGOLD LIMITED (TSX VENTURE:CLD) (the "Company") announces that it is amending the pricing of the non-brokered private placement announced on February 24, 2014. Due to softening market conditions, the financing will now consist of up to 7,500,000 units at a price of $0.10 per unit with each unit comprising one common share and one half warrant, for gross proceeds of up to $750,000. Each full warrant will be exercisable for one common share of the Company at a price of $0.18 for a period of one year from the date of issue provided, however, that should the closing price of the common shares on the TSX Venture Exchange be at least $0.25 per share for 10 consecutive trading days (at any time at or following the expiry of the four month resale restriction period), the Company may, by notice to the holder (supplemented by a news release of general dissemination) reduce the remaining exercise period applicable to the warrants to not less than 30 days from the date of such notice. |
