Coral Gold (TSXV:CLH) (OTCBB:CLHRF) Announces $750,000 Private placement - Video Summary of Report Posted on InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, May 30, 2013 - Vancouver based Coral Gold
(TSXV:CLH) (OTCBB:CLHRF) (Berlin:GV8) announced that it proposes to raise up to
$750,000 by way of a non-brokered private placement, and will, under certain
conditions, pay a finder's fee for units sold under this offering.
The company will place up to 5 million units at $0.15 per unit. Each unit
consists of 1 common share and 1 warrant, with each warrant will be exercisable
at $0.20 for a period of 2 years.
InvestmentPitch.com has produced a "video news alert" about Coral Gold. If this
link is not enabled, please visit www.InvestmentPitch.com and enter "Coral Gold"
in the search box.
In October 2012, when the shares were trading at $0.27 and gold was between
$1,700 and $1,800, Fundamental Research gave the company a highly speculative
buy recommendation and a target price of $1.18. With gold now at $1,400, Coral
Gold trades at $0.19, a premium to the price of the unit offering.
Coral Gold Resources is exploring a portfolio of strategically-located claim
blocks along the Cortez gold trend in north-central Nevada known as the
Robertson Property. Robertson adjoins Barrick Gold Mines' Cortez Mine, which in
2012 was Barrick's lowest cost mine for the third straight year with production
of 1.37 million ounces at a total cash cost of US$282 per ounce.
Over the past 25 years, Coral Gold and its various joint venture partners have
spent more than $25 million exploring the Robertson property. In that time an
extensive database comprised of 533,453 feet of drilling through 1,160 drill
holes and 101,757 gold assays has outlined 6 near surface gold zones.
In January 2012, Coral's independent engineering firm, Beacon Hill Consultants
(1988) Ltd. published a Preliminary Economic Assessment on 3 of the 10 known
gold zones and determined that the Robertson Property is one of merit that
warrants further development. This report is available on Sedar.com.
In April, Coral Gold submitted the final comprehensive Environmental Assessment
on the Robertson Property to the Bureau of Land Development.
For more information on the Roberson Property, and Coral's other Nevada
projects, please visit Coral Gold's website at www.coralgold.com, or contact
David Wolfin, President & CEO at 604-682-3701 or email ir(at)coralgold.com
InvestmentPitch.com, a multimedia company that provides a combined solution for
creating and hosting financial video content, and distributing it across
multiple platforms to investors and financial professionals, specializes in
producing short three minute videos based on significant news releases and
research reports.
CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
604-684-5524
bmorgan(at)investmentpitch.com
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Source: InvestmentPitch via Thomson Reuters ONE
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Datum: 31.05.2013 - 02:38 Uhr
Sprache: Deutsch
News-ID 265125
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