Uragold Bay Closes a First Non Broker Private Placement

Uragold Bay Resources Inc. (TSXV:UBR) reports that it has closed a non-brokered private placement in the amount of $ 490,000 for the sale of 9,800 units.

The press release is quoted as saying:

In connection with this placement, the Corporation will pay a cash finder’s fees of $ 18,600 and $ 10,850 respectively to Macquarie Private Wealth inc. and Gundyco and finder’s fees warrants for a total of 372,000 and 216,000 respectively to Macquarie Private Wealth Inc. and Gundyco which allow the finders to acquire respectively 372,000 and 216,000 common shares of the Corporation at an exercise price of $ 0.10 during a period of 24 months from the date of closing of the placement.

Click here to access the entire news release.

Click here to access Uragold Bay’s company profile.