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King's Bay Gold Corporation announces non brokered private placement financing
(via Thenewswire.ca) King's Bay Gold Corporation (TSX.V: KBG) (the "Issuer") is pleased to an...
About this update from Lion Rock Resources Inc
[{"type":"text","content":"\nKing's Bay Gold Corporation announces non brokered private placement financing\n\n(via Thenewswire.ca)\n\n \nKing's Bay Gold Corporation (TSX.V: KBG) (the \"Issuer\") is pleased to announce a non-brokered private placement of a maximum of 6,000,000 Class \"A\" Units at a purchase price of $0.05 for gross subscription proceeds of $300,000.00, and a maximum of 6,000,000 Class \"B\" Units at a subscription price of $0.05 for gross subscription proceeds of $300,000.00, for aggregate maximum subscription proceeds of $600,000.00. The offering will be made to subscribers resident in the Provinces of Ontario, Manitoba, Saskatchewan, Alberta, British Columbia and New Brunswick, and such other jurisdictions as the Issuer may determine. It is anticipated that the closing of offering will occur on or about December 20th, 2011.\n\n\n \nEach Class \"A\" Unit shall be comprised of one Class \"A\" Common Share of the Issuer (a \"Common Share\"), issued as a \"flow through\" share for the purposes of The Income Tax Act (Canada) (a \"Flow Through Share\") and one whole Common Share purchase warrant (a \"Warrant\") of the Issuer. Each Class \"B\" Unit shall be comprised of one Common Share and one whole Warrant. Each whole 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. The Common Shares and Warrants issued in connection with this offering will be subject to a hold period of four months plus one day.\n\n\n \nThe Issuer may, at its discretion, offer a 8% cash finder's fee to registered dealers for services rendered in introducing certain subscribers to the offering (each, a \"Finder\").\n\n\n \nThe closing of this offering is subject to the approval of the TSX Venture Exchange Inc.\n\n\n \nNew Website Feature - Join Our President's List\n\n\n \nA new \"Join Our President's List\" feature was recently added to the Company's website at http://www.kingsbaygold.com/home/# whereby shareholders and other interested individuals can add themselves to a list to receive recently disseminated news releases from the Company via e-mail.\n\n\n \nSubscribers may remove themselves from this list at any time by sending an e-mail to the Company at [email protected] or by calling the company at 1-(204)-253-4653. The list will be for the exclusive use of the Co...