Business
Nikos Explorations Ltd. - Private Placement Completed
Nikos Explorations Ltd. - Private Placement Completed.
About this update from Labrador Gold Corp
[{"type":"text","content":"\n\n\n\n\nVANCOUVER, Aug. 17 /CNW/ - Nikos Explorations Ltd. (NIK: TSX-V) is\npleased to announce the closing of a private placement of 6,666,667 units at a\nprice of $0.18 per unit for gross proceeds of $1.2 million. Each unit is\ncomprised of one common share and one non-transferable common share purchase\nwarrant. The common share purchase warrants are exercisable at $0.25 per share\nuntil 4:00 p.m. Vancouver time on August 16, 2008. All common shares and\nwarrants have a hold period expiring on December 17, 2006.\nThe gross proceeds will be used to pay certain accounts payable and for\nongoing mineral project evaluation, deferred exploration expenses and working\ncapital purposes.\nA total of 245,833 units were issued in payment of finders' fees to arm's\nlength parties in connection with the financing.\n\nNikos Explorations Ltd. is an exploration company focused on the\nacquisition, exploration and development of copper-gold projects.\n\nThe TSX Venture Exchange has not reviewed and does not accept\nresponsibility for the adequacy or accuracy of this release.\n\n\n\n","length":1138,"tagName":"div"}]