Roxgold Inc. (CVE:ROG) reports that it has closed its brokered private placement announced on April 12, 2011.
The press release is quoted as saying:
The Company has raised $7,500,000 through the issuance of 10,000,000 units (the “Units”) at a price of $0.75 per Unit. Each Unit consists of one common share (each a “Common Share”) and one-half of one share purchase warrant of the Company (each whole warrant, a “Warrant”). Each whole Warrant will entitle the holder to purchase one additional Common Share at a price of $1.00 per Common Share at any time prior to May 10, 2013. The Warrants will be transferable.