Business
Cosigo Resources announces non-brokered private placement
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITE...
About this update from Cosigo Resources Limited
[{"type":"text","content":"\n\n\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR\n DISSEMINATION IN THE UNITED STATES/\n\n\nVANCOUVER, May 21, 2013 /CNW/ - Cosigo Resources Ltd. (TSXV: CSG) (the \"Company\") announces that it intends to complete a non-brokered private\n placement (the \"Private Placement\") of up to 4,000,000 units (the \"Units\") at a price of CDN$0.25 per Unit for gross proceeds to the Company of\n up to CDN$1,000,0000.  Each Unit will consist of one common share and\n one common share purchase warrant.  Each warrant will entitle the holder to acquire for a period of one year one\n additional common share of the Company at a price of CDN$0.50.\n\n\nThe net proceeds of the Private Placement will be used for a\n reverse-circulation drilling program and continuing exploration on its\n Machado Project in Colombia and for general corporate purposes. In\n connection with the Private Placement, the Company may pay finders'\n fees to certain arm's length finders in an amount equal to 5% of the\n proceeds from the sale of the Units.\n\n\nThe common shares and warrants comprising the Units will be subject to a\n four-month hold period in accordance with the policies of the TSX\n Venture Exchange and applicable securities legislation. The Private\n Placement remains subject to the approval of the TSX Venture Exchange.\n\n\nAbout Cosigo Resources:\n\n\nCosigo Resources Ltd. (TSX-V: CSG) is a Vancouver-based company\n exploring for gold deposits in Colombia and Brazil. Cosigo has\n assembled a strong team, well experienced in South America and in the\n exploration and mining-finance industries. The Company's flagship\n project is its 100% owned Machado Project in Taraira Gold Belt of\n southeastern Colombia where geological mapping and geochemical sampling\n have identified potentially gold-bearing strata over a strike-length of\n more than 20 km. Cosigo's ongoing work on the 9,973 hectare Machado\n Project is the first modern exploration program in an area known to\n have hosted more than 100 historic gold mining operations.\n\n\nCautionary Notice: This release may contain forward-looking statements regarding the\n Company's business or financial condition, including the proposed\n completion of financing, use of proceeds and exploration programs.\n Actual results could differ materially from those described in ...