Calvista Gold Closes Private Placement for Gross Proceeds of $1,534,144

Calvista Gold Corporation(TSX:CVZ) announced the closing of a non-brokered private placement. The sale of 3,835,360 units generated gross proceeds of $1,534,144.

As quoted in the press release:

In connection with the Offering, a 6% finder’s fee was paid in cash to certain eligible finders and 83,400 finder’s warrants (“Finder’s Warrants”) were issued equal to 6% of the number of Units placed by eligible finders pursuant to the Offering. Each Finder’s Warrant entitles the holder to acquire one Unit for $0.40 until July 23, 2014.

Click here to read the Calvista Gold Corporation (TSX:CVZ) press release