Business
Freegold Ventures Announces Closing of Equity Financing
Freegold Ventures Announces Closing of Equity Financing Canada NewsWire VANCOUVE...
About this update from Freegold Ventures Limited
[{"type":"text","content":"\n\n\n\nFreegold Ventures Announces Closing of Equity Financing\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Sept. 19, 2017\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n\n\n\nVANCOUVER, Sept. 19, 2017 /CNW/ - Freegold Ventures Limited (\"Freegold\" or the \"Corporation\") (TSX:FVL) is pleased to announce that it has closed its previously announced marketed public offering (the \"Offering\") of units (the \"Units\") of the Corporation for total gross proceeds of $3,005,112. The Corporation has issued 25,042,600 Units at a price of $0.12 per Unit. The Offering was completed through Paradigm Capital Inc. (the \"Agent\"), acting as agent. \n\nEach Unit consists of one common share in the capital of Freegold and one-half of one common share purchase warrant. Each whole common share purchase warrant entitles the holder thereof to purchase one common share at any time prior to 5:00 p.m. (Toronto time) on the date that is two years following the closing date of the Offering at a price of $0.18.The Corporation has also granted the Agent an option to cover over-allotments and for market stabilization purposes (the \"Over Allotment Option\"), which will allow the Agent to arrange for purchasers to acquire up to an additional 15% of the Units issued pursuant to the Offering. The Over Allotment Option will be exercisable, in whole or in part, at any time until noon (Toronto time) on the 30th day following the closing of the Offering. \n\nThe Corporation intends to use the net proceeds of the Offering for exploration work to be completed at the Corporation's Shorty Creek and Golden Summit projects in Alaska and for general working capital purposes.\n\nThe Offering was completed pursuant to the final short form prospectus of the Corporation dated September 11th, 2017 (the \"Prospectus\"), which has been filed in each of the provinces of Alberta, British Columbia and Ontario. The Prospectus contains important detailed information about the securities being of...