Gryphon Gold Closes US$200,000 Private Placement to Sage Gold

Gold Corporation (TSX:GGN)(OTCBB:GYPH) announced that it has closed a US$200,000 Private Placement to Sage Gold as contemplated by the March 8, 2010 Option Agreement, as amended.

The press release is quoted as saying:

Each unit consists of one share of common stock and one half (1/2) full purchase warrant. The two year warrants are exercisable at a price of US$0.20. The proceeds will be applied to fund the continuation of Gryphon Gold’s exploration and development program and general corporate purposes.

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