Business
King's Bay Gold Corporation Announces Amendment to Non-Brokered Private Placement Financing to Close on or about December 20th, 2011 as described in previous Press Release Dated November 14th, 2011.
(via Thenewswire.ca) King's Bay Gold Corporation (TSX.V: KBG) (the "Issuer") announces an ame...
About this update from Lion Rock Resources Inc
[{"type":"text","content":"\nKing's Bay Gold Corporation Announces Amendment to Non-Brokered Private Placement Financing to Close on or about December 20th, 2011 as described in previous Press Release Dated November 14th, 2011.\n\n(via Thenewswire.ca)\n\n \nKing's Bay Gold Corporation (TSX.V: KBG) (the \"Issuer\") announces an amendment to the non-brokered private placement financing to close on or about December 20th, 2011, as previously described in its previous press release of November 14th, 2011.\n\n\n \nThe November 14th, 2011 press release indicated that the Issuer may, at its discretion, offer a 8% finder's fee to registered dealers for services rendered in introducing certain subscribers to the offering (each, a \"Finder\"). The Issuer is amending the terms of the compensation offered to Finders. In addition to the aforementioned finder's fee, the Issuer may also issue finders warrants equivalent to 8% of the number of Class A and Class B units subscribed for through this non-brokered private placement offering (the \"Finders Warrants\").\n\n\n \nEach Finders Warrant shall entitle the holder to purchase one Common Share for an exercise price of $0.10 for a period of 24 months following the date of issuance. Each Finder shall be entitled to Finders Warrants equivalent to 8% of the number of Class A and Class B units sold to subscribers introduced to the Offering by the Finder. All other matters noted in the press release of November 14th, 2011 remain the same.\n\n\n \nAbout King's Bay Gold Corporation\n\n\n \nKing's Bay Gold Corporation is a very active Canadian mineral exploration and development company with mineral projects located in two of Canada's main gold camps - the Red Lake, ON and Rainy River, ON gold camps.\n\n\n \nKBG Shares Outstanding: 90,241,913\n\n\n \nKing's Bay Gold Corporation\n\n\n \nKyle Picard\n\n\n \nPresident & CEO and Corporate Secretary\n\n\n \n1-(204)-451-1200\n\n\n \[email protected]\n\n\n \nwww.kingsbaygold.com\n\n\n \nThis news release includes certain forward-looking statements concerning the future performance of King's Bay Gold Corporation's business, its operations and its financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking s...