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Levon Resources (TSX:LVN,OTCQX:LVNVF) announced it has closed a private placement with a group of U.S. investors (including Dr. Philip Forst, Barry Honig and Michael Brauser), raising proceeds of USD $5.4 million. Levon issued 27 million common shares at a price of CAD $0.22 per share.
According to the press release:
Pursuant to the Placement, Levon issued 27,000,000 common shares at a price of CAD$0.22 per share for gross proceeds of USD$5,400,000. The common shares sold in the Placement are subject to a four month hold period under applicable Canadian securities laws which expires on February 22, 2015.
Levon also announces that it has completed the previously announced purchase of 35,178,572 common shares of Pershing Gold Corporation.
Click here to read the Levon Resources Ltd. (TSX:LVN,OTCQX:LVNVF) press release
Click here to see the Levon Resources Ltd. (TSX:LVN,OTCQX:LVNVF) profile.