Business
Freegold Receives Subscription Agreements for $2.99 Million Private Placement
Freegold Receives Subscription Agreements for $2.99 Million Private Placement
About this update from Freegold Ventures Limited
[{"type":"text","content":"\n\n\n\n Oct. 1, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n VANCOUVER, Oct 1 /CNW/ - Freegold Ventures Limited (TSX: FVL Frankfurt:\n FR4N)("Freegold") is pleased to announce that it has\n received subscription agreements for a non-brokered private placement of\n 8,975,758 ("Units"), of which at 7,575,758 units were priced at \n Cdn$0.33, and 1,400,000  units were priced @ $0.35 per Unit. Each unit\n will consist of one common share (a "Share") and one common share\n purchase warrant (a 'Warrant").   Each Warrant will entitle the holder\n to acquire an additional Share at a price of $0.40 for a period of one\n year from the date of closing and at a price of $0.50 between one year\n and two years from closing.   The issuance of the warrants is subject to\n shareholder approval.   The closing of this financing will take place as\n soon as possible.  A finder's fee of 10% will be paid on a portion of\n the placement. The foregoing is subject to regulatory approval.\n \n\n The Company would also like to thank its shareholders for their\n continued support.\n \n\n About Freegold Ventures Limited\n \n\n Freegold is a TSX listed company focused on the exploration of gold\n projects in Alaska. In addition to the Golden Summit Gold Project, the\n company holds a 100% in lease interest in the Rob Gold Project near the\n Pogo Gold Mine in the Goodpaster Mining District of Alaska and has an\n exploration ...