Business
Freegold To Raise $1 million in Private Placement
Jan. 28, 2011 (Canada NewsWire Group) -- www.freegoldventures.com VANCOUVER, Jan. 28 /CNW...
About this update from Freegold Ventures Limited
[{"type":"text","content":"\n\n\n\n Jan. 28, 2011 (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\nwww.freegoldventures.com\n\n\nVANCOUVER, Jan. 28 /CNW/ - Freegold Ventures Limited (TSX: FVL\n Frankfurt: FR4N) ("Freegold") is pleased to announce a non-brokered private placement of\n 2,083,333("Units"), priced @ $0.48 per Unit. Each unit will consist of\n one common share (a "Share") and one common share purchase warrant (a\n 'Warrant").   Each Warrant will entitle the holder to acquire an\n additional Share at a price of $0.59 for a period of one year from the\n date of closing and at a price of $0.65 between one year and two years\n from closing. Insiders may subscribe for up to 1,459,000 units of the\n placement.  The closing of this financing will take place as soon as\n possible. The foregoing is subject to regulatory approval.\n\n\nFreegold is also pleased to announcement the commencement of diamond\n drilling on its Golden Summit Project by mid February. A total of 5,000\n metres (16,500 feet) is planned and is aimed at additional resource\n delineation on the project.  Resources calculations for both the\n Vinasale and Golden Summit Projects are currently underway.\n\n\nAbout Freegold Ventures Limited\n\n\nFreegold 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 Goodpas...