NioGold Completes $7.5 Million Offering

NioGold Mining Corporation (TSXV:NOX) reports that it has completed its $7.5 million offering.

The press release is quoted as saying:

NioGold issued a total of 6,566,843 Flow Through Common Shares at a price of $0.38 per share for gross proceeds of $2,495,400, and 15,625,000 Units at a price of $0.32 for gross proceeds of $5,000,000. Each Unit was comprised of one common share and one-half of a warrant, each whole warrant entitling the holder to purchase a further common share at a price of $0.48 for a period of two years.

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