Business
Radius Completes $3.77 Million Flow-Through Financing
Radius Completes $3.77 Million Flow-Through Financing
About this update from Radius Gold Inc.
[{"type":"text","content":"\n\n\n\n Dec. 8, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nVANCOUVER, Dec. 8 /CNW/ - Radius Gold Inc. (TSX-V: RDU) is pleased to\n announce that it has closed its previously announced non-brokered\n private placement of $3.77 million by issuing 5.8 million flow-through\n shares at a price of $0.65 per share.  The Company issued 194,422\n common shares and 259,230 warrants as finders' fees in connection with\n the financing.  Each finder's fee warrant entitles the holder to\n purchase one common share at $0.70 exercisable for 18 months.  All of\n the shares and warrants have a resale restriction until April 4, 2011.\n\n\nAbout Radius \n\n\nRadius has been exploring for gold in Latin America for nearly a decade,\n and has assembled interests in a portfolio of promising gold projects throughout the\n region, including carried stakes in two small-scale developing gold projects in Guatemala and Nicaragua.\n In addition to its ATAC-belt claims, Radius also has two other 100% owned exploration\n plays, the HB property in Guatemala and the Sixty Mile property in the Yukon Territory.\n\n\nON BEHALF OF THE BOARD\n"Simon Ridgway"\nSimon Ridgway, President & CEO\n\n\nInvestor relations:  Ralph Rushton / Erin Ostrom\nSymbol: TSXV-RDU; OTCBB-RDUFF\nShares Issued: 79.6-million\n\n\nNeither the TSX Venture Exchange nor the Investment Industry Regulatory\n Organization of Canada accepts responsibility for the adequacy or\n accuracy of this release.\n\n\n\n \n...