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Roxgold Inc. (CVE:ROG) reports $7.5 million bought deal private placement.
The press release is quoted as saying:
The Underwriters shall also have the option, exercisable prior to the closing of the offering, to purchase up to an additional 1,500,000 Units at the issue price under the offering for additional gross proceeds of up to approximately $1.1 million.
The Company will pay the Underwriters a cash commission equal to 7.0% of the gross proceeds of the offering and issue broker warrants to acquire up to that number of Common Shares as is equal to 7.0% of the aggregate number of Units issued pursuant to the offering at a price of $0.75 per share for a period of 24 months following the closing date.
Click here to access the entire news release.