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| Home : Gowest Closes $2.9 Million Private Placement |
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Aug 13
2011 |
Gowest Closes $2.9 Million Private Placement |
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TORONTO, ONTARIO--(Marketwire - Aug. 12, 2011) - Gowest Gold Ltd. ("Gowest" or the "Company") (TSX VENTURE:GWA)(OTCBB:GWSAF) announces that it has closed its previously announced private placement (the "Offering"). Pursuant to the Offering, the Company issued and sold: (i) 7,022,930 flow-through common shares of the Company, at a price of $0.285 per share, for aggregate gross proceeds of $2,001,535; and (ii) 3,600,000 units ("Units") of the Company, at a price of $0.25 per Unit, for aggregate gross proceeds of $900,000. Each Unit is comprised of one common share and one-half of one common share purchase warrant of the Company, with each whole common share purchase warrant being exercisable to acquire one additional common share of the Company at a price of $0.35 any time on or prior to 5:00 p.m. (Toronto time) on August 12, 2013. |
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| Source:http://www.marketwire.com/mw/release.do?id=1549106&sourceType=3 |
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