The Conversation (0)
Roxgold Inc. (TSXV:ROG) has entered an agreement regarding a bought deal financing for aggregate gross proceeds of roughly $30 million. The purchase, by a syndicate of investment dealers, will consist of 46.2 million units of Roxgold at a price of $0.65 per unit.
Roxgold Inc. (TSXV:ROG) has entered an agreement regarding a bought deal financing for aggregate gross proceeds of roughly $30 million. The purchase, by a syndicate of investment dealers, will consist of 46.2 million units of Roxgold at a price of $0.65 per unit.
As quoted in the press release:
In addition, the Company has granted the Underwriters an option to purchase up to an additional 6.93 million Units at the Offering Price exercisable within 30 days after the closing of the offering for additional gross proceeds in the amount of up to approximately $4.5 million.
The net proceeds from the offering will be used to advance development of the Yaramoko Gold Project and for general corporate purposes.
Click here to read the Roxgold Inc. (TSXV:ROG) press release