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Northern Freegold Resources Ltd. (TSXV:NFR,OTCQX:NFRGF,FWB:8N6) announces that the brokered private placement for gross proceeds of $756,500 previously announced on April 24, 2012 has closed.
Northern Freegold Resources Ltd. (TSXV:NFR,OTCQX:NFRGF,FWB:8N6) announces that the brokered private placement for gross proceeds of $756,500 previously announced on April 24, 2012 has closed.
As quoted in the press release:
The Company issued 3,587,000 non-flow-through units and 869,333 flow-through units in the offering.
The flow-through units were priced at $0.21 per unit, with each flow-through unit consisting of one flow-through eligible common share and one-half of one non-transferable common share purchase warrant. Each whole warrant is exercisable to acquire an additional common share at $0.26 for 18 months.
The non-flow through units were priced at $0.16 per unit, with each non-flow-through unit consisting of one non-flow-through common share and one-half of one non-transferable common share purchase warrant. Each whole warrant is exercisable to acquire an additional common share at $0.22 for 24 months.
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