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KING'S BAY GOLD CORPORATION ANNOUNCES CLARIFICATION OF PREVIOUS PRESS RELEASE DATED APRIL 16th, 2010 REGARDING THE CLOSING OF A PRIVATE PLACEMENT
(via Thenewswire.ca) King's Bay Gold Corporation (TSX.V: KBG) announces a clarification of it...
About this update from Lion Rock Resources Inc
[{"type":"text","content":"\nKING'S BAY GOLD CORPORATION ANNOUNCES CLARIFICATION OF PREVIOUS PRESS RELEASE DATED APRIL 16th, 2010 REGARDING THE CLOSING OF A PRIVATE PLACEMENT\n\n(via Thenewswire.ca)\n\n \nKing's Bay Gold Corporation (TSX.V: KBG) announces a clarification of its previous press release of April 16th, 2010 concerning the closing of a non-brokered private placement offering of Class \"A\" Units and Class \"B\" Units. The press release of April 16th, 2010 incorrectly stated that a total of 70,000 Class \"A\" Units and 8,820,000 Class \"B\" Units were purchased by subscribers resident in British Columbia, Manitoba and Ontario, at a purchase price of $0.07 per Class \"A\" Unit and a price of $0.05 per Class \"B\" Unit, for gross subscription proceeds of $448,500.00. In fact, a total of 140,000 Class \"A\" Units and 8,845,000 Class \"B\" Units were purchased by subscribers resident in British Columbia, Manitoba and Ontario, at the same purchase price of $0.07 per Class \"A\" Unit and a price of $0.05 per Class \"B\" Unit, for gross subscription proceeds of $452,050.00. All of the remaining terms of the private placement financing announced in the press release of April 16th, 2010 are unchanged.\n\n\n \nAbout King's Bay Gold\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: 90,031,913\n\n\n \nKing's Bay Gold Corporation\n\n\n \nKyle Picard\n\n\n \nPresident CEO and Corporate Secretary\n\n\n \n(204) 253-4653\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 statements are frequently identified by such words as \"may\", \"plan\", \"expect\", \"anticipate\", \"estimate\", \"intend\" and similar words referring to future events and results. These forward-looking statements represent management's best judgment based on current facts and assumption...