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| Home : Mahdia Gold Corp (CNSX:MGD) Announces Closing of First Tranche of Non-Brokered Private Placement |
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Feb 21
2013 |
Mahdia Gold Corp (CNSX:MGD) Announces Closing of First Tranche of Non-Brokered Private Placement |
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TORONTO, ONTARIO--(Marketwire - Feb. 20, 2013) - Mahdia Gold Corp. (CNSX:MGD) (the "Company") is pleased to announce that further to its news releases of November 1, 2012 and January 3, 2013, the Company has closed the first tranche of its non-brokered private placement of 1,040,000 units at a price of CAD $0.25 per unit for gross proceeds of CAD $260,000 (the "Offering"). Each unit consists of one common share and one common share purchase warrant entitling the holder to purchase an additional common share at $0.40 for a period of two years from the closing date. All common shares issued in the Offering will have a hold period in Canada of four months and a day from the closing of the Offering. The Company did not pay a finder's fee in connection with the closing of the first tranche of the Offering. There will not be any change of control as a result of the Offering. |
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| Source:http://www.marketwire.com/mw/release.do?id=1759323&sourceType=3 |
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