|
NEW YORK, NEW YORK--(Marketwire - July 30, 2012) - Further to Electrum Gold Exploration LLC's ("Electrum") announcement on June 1, 2012 that it has entered into a definitive agreement with Carlin Gold Corporation ("Carlin") for the sale, on a private placement basis in reliance on the accredited investor exemption (the "Private Placement"), of 21,404,647 units (the "Units") at a price of $0.125 per unit for aggregate gross proceeds of $2.68 million (all figures are in Canadian Dollars), Electrum announces the closing of the Private Placement. Each Unit consists of one common share of Carlin ("Common Share") and one common share purchase warrant ("Warrant"). Each is exercisable for a period of five years after the closing of the transaction at an exercise price of $0.16 per share. |
