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VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 3, 2013) - Coral Gold Resources Ltd. (the "Company") (TSX VENTURE:CLH)(OTCBB:CLHRF)(BERLIN:GV8)(FRANKFURT:GV8) announces that the non-brokered private placement (the "Offering") announced on May 30, 2013 has been re-priced to $0.10 per Unit, and that it has raised aggregate proceeds of $369,450 through the sale of 3,694,500 Units. Each Unit consists of one common share and one common share purchase warrant (the "Warrants") exercisable at a price of $0.15 per warrant for a period of 24 months. In the event that, after four months and one day after the closing of the Offering, the volume weighted average trading price of the Company's common shares on the TSX Venture Exchange, exceeds C$0.30 for a period of 15 consecutive trading days, the Company may, after such event, provide notice to the warrant holders of early expiry and thereafter, the Warrants will expire on the date which is 30 days after the date of notice to warrant holders. |
