Business
Prosper Gold Corp. Increases Non-Brokered Private Placement
QUESNEL, BRITISH COLUMBIA--(Marketwired - June 27, 2016) - Prosper Gold Corp. ("Prosper Gold" or the "Company") (TSX VENTURE:PGX) announces it has increased its
About this update from Prosper Gold Corp.
[{"type":"text","content":"QUESNEL, BRITISH COLUMBIA--(Marketwired - June 27, 2016) - Prosper Gold Corp. (\"Prosper Gold\" or the \"Company\") (TSX VENTURE:PGX) announces it has increased its previously announced non-brokered private placement (see news release of June 13, 2016) from up to $2,000,000 to up to $2,500,000 (the \"Private Placement\"). The Private Placement will increase from up to 2,000,000 units to up to 4,000,000 units of the Company (the \"Units\") at an issue price of $0.25 per Unit and up to 5,000,000 flow-through units (the \"Flow-Through Units\") at an issue price of $0.30 per Flow-Through Unit. The Units and Flow-Through Units will be issued on the same terms as those previously announced. The Private Placement will be non-brokered; however, the Company may pay finder's fees in accordance in the rules and policies of the TSX-V. The financing is subject to the approval of the TSX-V. All securities issued pursuant to this Private Placement will be subject to a four month and one day hold period in accordance with applicable securities laws. The closing date for the Private Placement is expected to occur in July 2016 or such other date as the Company may determine. The net proceeds from the non-flow-through portion of the Private Placement will be used to fund exploration activities for 2016 and for working capital and general corporate purposes. The gross proceeds from the flow-through portion of the Private Placement will be used to fund exploration activities for 2016. For a detailed overview of Prosper Gold please visit www.ProsperGoldCorp.com ON BEHALF OF THE BOARD OF DIRECTORS Peter Bernier, President & CEO Unless otherwise specified, all dollar amounts used herein refer to the law currency of Canada. Certain information in this news release constitutes forward-looking statements under applicable securities law. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as \"may\", \"should\", \"anticipate\", \"expect\", \"intend\" and similar expressions. Forward-looking statements in this news release include, but are not limited to, statements with respect to the use of proceeds from the Private Placement and the anticipated closing date of the Private Placement. Forward-lookin...