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| Home : Suparna Gold Announces Private Placement |
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Apr 30
2016 |
Suparna Gold Announces Private Placement |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 29, 2016) - Suparna Gold Corp. ("Suparna" or the "Company") (TSX VENTURE:SUG) announces that, subject to the approval of the TSX Venture Exchange, the Company proposes to complete a non-brokered private placement of units (each, a "Unit") at a price of $0.05 per Unit for gross proceeds of up to $300,000. Each Unit shall be comprised of one common share in the capital of the Company (a "Common Share") and one common share purchase warrant (a "Warrant"). Each Warrant shall entitle the holder to purchase one Common Share at a price of $0.10 per share at any time within 12 months of the date of issuance, however, if the volume weighted average closing price of the Common Shares exceeds $0.25 per share for more than 30 consecutive trading days, Suparna may accelerate the Warrant exercise period to a date which is 30 calendar days following the date a press release is issued by Suparna announcing the reduced Warrant exercise period. Suparna intends to use the net proceeds of this private placement for general working capital purposes. |
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| Source:http://www.marketwired.com/mw/release.do?id=2120045&sourceType=3 |
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