Calvista Gold to Close Private Placement in the Coming Months

Calvista Gold Corporation(TSX:CVZ) announced that its previously announced press release from July 11, 2012 is oversubscribed. The placement is expected to close shortly, the size of the offering has also been increased due to demand.

As quoted in the press release:

Units will be sold at $0.40 per Unit. Each Unit consists of one common share and one-half of one common share purchase warrant. Each whole common share purchase warrant entitles the holder to acquire one common share for $0.45 for a period of 24 months from the closing of the transaction. All securities issued in conjunction with the offering will be subject to a hold period, which expires four months after closing.

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