Roxgold Inc. (TSXV:ROG) announced a brokered financing through a syndicate of agents co-led by Toll Cross Securities Inc. and Jennings Capital Inc., and includes GMP Securities L.P., and Raymond James Limited. The Agents will raise up to approximately $10 million on a best efforts basis at a price of $0.70 per Common Share.
As quoted in the press release:
The Agents will also have the option to increase the size of the Offering by an additional 15% at any time up to 24 hours prior to the closing date. The Company has agreed to pay the Agents a cash commission equal to 6.0% of the gross proceeds of the Offering excluding up to $1.5 million of president’s list orders.
The Offering is scheduled to close on or about February 7, 2013 and is subject to certain conditions including, but not limited to, completion of satisfactory due diligence investigations and receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.
Nexus Gold Corp. (TSXV:NXS) is currently drilling on the Walker Ridge Gold Project in Nevada - a multiple target, Carlin-type gold exploration property. They have recently submitted an expanded Plan to increase the current 8 pad plan to 29 drill pads.
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