Business
Auriga Gold Completes $250,000 Debt Financing
(via Thenewswire.ca) TORONTO, ONTARIO - March 28, 2013, Auriga Gold Corp. (TSX-V: "AIA") ("...
About this update from Minnova Corp.
[{"type":"text","content":"\nAuriga Gold Completes $250,000 Debt Financing\n\n(via Thenewswire.ca)\n\n \nTORONTO, ONTARIO - March 28, 2013, Auriga Gold Corp. (TSX-V: \"AIA\") (\"Auriga Gold\" or the \"Company\") announced today that it has completed a private placement (\"the Offering\") of 250 of Units raising proceeds of $250,000. The Units are comprised of an unsecured note with a one year term in the principal amount of $1,000, bearing a coupon of 10%, payable monthly and 3,333 common shares of Auriga. A total of 888,888 common shares were issued in connection with this offering are subject to a 4 month hold period starting February 1, 2013. No commission was paid on this offering.\n\n\n \nUnder terms of the loan agreement the proceeds from this Offering are restricted to approved expenditures related to development work at the Maverick Gold Project and other general corporate purposes.\n\n\n \nAbout Auriga Gold\n\n\n \nAuriga Gold Corp. is a Canadian mine development and exploration company focused on developing the Puffy Mine and expanding gold resources on its Puffy and Nokomis deposits (the \"Maverick Gold Project\"). The Company plans to upgrade and expand the resources at the Maverick Gold Project, initiate test mining, complete feasibility studies of mineral reserves, and bring the Puffy Mine back into production. The Puffy Mine includes a 1,000 tpd flotation mill, a developed underground ramp to 135 metres depth, is fully road accessible and close to existing mining infrastructure. The Maverick Gold Project is located in the Flin Flon Greenstone Belt of Central Manitoba. To view current images of the property and mill, please see www.aurigagold.ca/s/photogallery.asp\n\n\n \nFor more information please contact:\nAuriga Gold Corp.\nGorden Glenn, Interim President and CEO\[email protected] \nPhone: 416-214-2785\[email protected] \nhttp://www.aurigagold.ca \n\n\n \nThis news release contains \"forward-looking information\" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information with respect to the closing of this loan plus bonus shares financing, TSX Venture Exchange approval, use of proceeds and the future develop the Maverick Gold property. Although Auriga Gold has attempted to identify important factors that could cause actual results to differ materially f...