Business
Consolidated Gold Win Ventures Inc. - News release
Consolidated Gold Win Ventures Inc. - News release.
About this update from Big Bear Gold Corp.
[{"type":"text","content":"\n\n\n\n\nSymbol: TSX-V: CGW\n\nVANCOUVER, April 5 /CNW/ - CONSOLIDATED GOLD WIN VENTURES INC. (the\n\"Company\") announces on April 4, 2005 that it has engaged Northern Securities\nInc. (the \"Agent\") to raise up to $1,500,000 by way of a brokered private\nplacement. The closing date is on or before May 1, 2006 (\"Closing\").\nUnder the private placement, the Company plans to sell up to\n6,000,000 non flow-through units at a price of $0.10 per non flow-through unit\nand up to 7,500,000 flow-through units at a price of $0.12 per flow-through\nunit. Each non flow-through unit consists of one common share and one non \nflow-through common share purchase warrant, exercisable at $0.12 per share for\na period of 24 months from Closing. Each flow-through unit consists of one\nflow-through common share and one non flow-through common share purchase\nwarrant, exercisable at $0.18 per share for a period of 24 months.\nThe Company will pay the Agent a commission of 10% of the aggregate gross\nproceeds of the private placement and a 2% lead broker financial advisory fee\npayable at Closing. In addition, the Company will issue to the Agent, at\nClosing, broker warrants equal to 20% of the number of the non flow-through\nunits and flow-through units sold pursuant to the private placement. The\nbroker warrants entitle the holder to purchase non flow-through units at\n$0.10 per non flow-through unit at any time prior to the date that is two\nyears from Closing. The Agent shall also receive a $10,000 and 100,000 non\nflow-through units as a work fee at Closing.\nProceeds of the private placement will be used for further exploration\nand development program and for general corporate purposes. The gross proceeds\nfrom the sale of flow-through units will be used to incur exploration and\ndevelopment expenses which qualify as Canadian Exploration Expenses under the\nIncome Tax Act (Canada).\nThe private placement is subject to the acceptance of the TSX Venture\nExchange, and all securities shall be subject to a 4 month hold period.\n\nSouhail 'Abby' Abi-Farrage, President and Director\nConsolidated Gold Win Ventures Inc.\nVancouver, BC\nEmail: moreinfo(at)v-cgw.com\n\nThe TSX Venture Exchange has neither approved nor disapproved of the\ninformation contained herein. The statements that are not historical facts are\nforward-looking statements invol...