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| Home : Prosper Gold Corp. Announces Private Placement; Provides Corporate Update |
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Mar 10
2014 |
Prosper Gold Corp. Announces Private Placement; Provides Corporate Update |
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QUESNEL, BRITISH COLUMBIA--(Marketwired - March 10, 2014) - Prosper Gold Corp. ("Prosper Gold" or the "Company") (TSX VENTURE:PGX) announces a non-brokered private placement financing of up to $4.0 million (the "Private Placement"), through the issuance of units of the Company (the "Units") at a price of $0.50 per Unit. Each Unit will consist of one common share and one-half of one transferable common share purchase warrant (each whole warrant, a "Warrant") with each Warrant exercisable by the holder into one common share of the Company at a price of $0.75 per share for a period of 36 months from the closing date. In the event that Prosper Gold's common shares trade at a closing price on the TSX Venture Exchange (the "TSX-V") of greater than $1.00 per common share for a period of 20 consecutive trading days at any time after the closing date of the Private Placement, Prosper may accelerate the expiry date of the Warrants by giving notice to the holders thereof and in such case the Warrants will expire on the 30th day after the date on which such notice is given by Prosper Gold. |
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| Source:http://www.marketwired.com/mw/release.do?id=1887021&sourceType=3 |
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