NOVUS GOLD CORP. ANNOUNCES FLOW-THROUGH AND NON FLOW-THROUGH PRIVATE PLACEMENT
(firmenpresse) -
NOVUS GOLD CORP. ANNOUNCES FLOW-THROUGH AND NON FLOW-THROUGH PRIVATE PLACEMENT
Vancouver, February 17, 2010 – Novus Gold Corp. (the “Company”, TSX-V: NOV) is pleased to announce that it shall conduct a private placement of up to 10,000,000 flow-through shares (“FT Shares”) at $0.45 per FT Share and up to 5,000,000 units (the “Units”) at $0.40 per unit (the “Offering”). Each unit will consist of one non flow-through share and one half of one warrant, each whole warrant entitling the holder to purchase one additional non flow-through share for $0.60 for a period of two years from closing. Finder’s fees will be payable in respect of the Offering in accordance with the policies of the TSX Venture Exchange.
The gross proceeds from the sale of the FT Shares will equal $4,500,000 and will be used for Canadian Exploration Expenses related to the exploration of the Company’s REN Property in the Northwest Territories and other Canadian exploration projects that the Company may acquire. The Company will renounce such Canadian Exploration Expenses with an effective date of no later than December 31, 2010.
The gross proceeds from the sale of the Units will equal $2,000,000 and will be used for work programs on the Company’s mineral exploration properties in the Dominican Republic, and for working capital.
The Offering is subject to the approval of the TSX Venture Exchange.
ON BEHALF OF THE BOARD OF DIRECTORS
“Mike Magrum”
Per: ________________
Mike Magrum,
President & CEO
For further information, please contact Gunther Roehlig, Director, at (604) 688-0335.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction. The securities referenced herein have not and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and many not be offered or sold in the United States except in certain transactions exempt from the registration requirements of the U.S. Securities Act and applicable states securities laws.
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Datum: 17.02.2010 - 15:25 Uhr
Sprache: Deutsch
News-ID 12205
Anzahl Zeichen: 0
contact information:
Town:
Wien
Kategorie:
Business News
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