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GoGold Announces C$15 Million Bought Deal Financing
GoGold Announces C$15 Million Bought Deal Financing Canada NewsWire HALIFAX, Feb...
About this update from Gogold Resources, Inc.
[{"type":"text","content":"\n\n\n\nGoGold Announces C$15 Million Bought Deal 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.prntar{\nTEXT-ALIGN: RIGHT\n}\n\n\n\n\n\n\n\nCanada NewsWire\nHALIFAX, Feb. 4, 2020\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./\nShares Outstanding: 186,229,711 Trading Symbols: TSX: GGD OTCQX: GLGDF\n HALIFAX, Feb. 4, 2020 /CNW/ - GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) (\"GoGold\" or the \"Company\") is pleased to announce that it has entered into an agreement with Sprott Capital Partners LP (\"Sprott\") and PI Financial Corp. as co-lead underwriters, along with BMO Capital Markets (collectively, the \"Underwriters\"), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 21,428,571 units of the Company (the \"Units\") at a price of C$0.70 per Unit for gross proceeds to the Company of approximately C$15 million (the \"Offering\"). Each Unit will consist of one common share in the capital of the Company (each a \"Common Share\") and one-half of one common share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant shall entitle the holder to acquire an additional Common Share at a price of C$0.85 for a period of 24 months following the closing of the Offering, provided that if the volume weighted average price of the Common Shares on the Toronto Stock Exchange is equal to or greater than C$1.20 for a period of 10 consecutive trading days, the Company may, at its option, elect to accelerate the expiry of the Warrants by providing notice to the holders thereof, in which case the Warrants will expire on the date specified in such notice, which shall be not less than 30 calendar days following delivery of such notice.\nThe Company has agreed to grant the Underwriters an over-allotment option (the \"Over-Allotment Option\") to increase the size of the Offering by up to an additional 15%, such option being exercisable in whole or in part at any time...