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| Home : St. Augustine Gold and Copper Limited Provides Additional Information on Private Placement |
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May 24
2013 |
St. Augustine Gold and Copper Limited Provides Additional Information on Private Placement |
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SPOKANE, WASHINGTON--(Marketwired - May 24, 2013) - St. Augustine Gold and Copper Limited (TSX:SAU) ("St. Augustine" or the "Company") wishes to provide additional information on its previously announced (May 15, 2013) private placement with Queensberry Mining and Development Corp. ("Queensberry"). The placement is for 55,000,000 shares at a subscription price of US$0.20 per share, a premium to the market at the time the subscription agreement was entered into, for a total investment of US$11 million. The funds received will be used for working capital and to further advance the King-king Project. Located in the Philippines, King-king is one of the largest undeveloped copper-gold deposits in the world. |
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| Source:http://www.marketwire.com/mw/release.do?id=1794635&sourceType=3 |
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