Business
GoGold Announces Upsize of its Previously Announced Bought Deal Financing to C$25 Million
GoGold Announces Upsize of its Previously Announced Bought Deal Financing to C$25 Million ...
About this update from Gogold Resources, Inc.
[{"type":"text","content":"\n\n\n\nGoGold Announces Upsize of its Previously Announced Bought Deal Financing to C$25 Million\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\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: 186,229,711Trading Symbols: TSX: GGDOTCQX: 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 amended the terms of its previously announced bought deal offering of units of the Company (the \"Units\"). Under the amended terms, Sprott Capital Partners LP (\"Sprott\") and PI Financial Corp. as co-lead underwriters, along with BMO Capital Markets (collectively, the \"Underwriters\"), have agreed to purchase, on a bought deal basis, 35,714,285 Units at a price of C$0.70 per Unit for gross proceeds to the Company of approximately C$25 million (the \"Offering\"), with no over-allotment option. 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...