Business
Radius Gold Increases Proposed Private Placement Financing to $1.97 Million
(TheNewswire) Vancouver, B C - TheNewswire - May 17, 2023 - R...
About this update from Radius Gold Inc.
[{"type":"text","content":"Radius Gold Increases Proposed Private Placement Financing to $1.97 Million\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, B\n \n \n C\n \n \n -\n \n \n TheNewswire - May 17, 2023\n-\n \n \n Radius Gold Inc.\n \n \n (TSXV:RDU)\n \n \n (“\n \n \n Radius\n \n \n ” or the “\n \n \n Company\n \n \n ”) is pleased to report that its\npreviously announced proposed non-brokered private placement is\nover-subscribed, and accordingly has been increased to\n11,259,983\n \n \n units at a price of $0.175 per unit,\nfor gross proceeds of $\n \n \n 1,970,497\n \n \n .  Each unit will consist of one common share of the Company\nand one warrant which will entitle the holder to purchase one common\nshare at a price of $0.35 for a period of 24 months following the\nclosing of the private placement.\n \n \n \n \n The Company may pay a finder’s fee on a portion of\nthe units sold.  The net proceeds of the private placement are\nintended to be used to fund drilling and exploration efforts on\nRadius’s Tropico project, Mexico and for general working capital.\n Completion of the private placement is subject to approval by the\nTSX Venture Exchange.  All securities issued pursuant to the private\nplacement will be subject to the applicable statutory four-month hold\nperiod.\n \n \n \n \n This news\n \n \n release does not constitute an offer to\nsell or a solicitation of an offer to buy the securities described\nherein in the United States or in any other jurisdiction.  The\nsecurities referred to in this news release have not been and will not\nbe registered under the U.S. Securities Act and may not be offered or\nsold without registration under the U.S. Securities Act and all\napplicable state securities laws or compliance with the requirements\nof an exemption from such registration.\n \n \n \n \n Radius Gold Inc.\n \n \n \n \n Radius has a portfolio of projects located in Mexico,\nUnited States and Guatemala which it continues to advance, utilizing\npartnerships where appropriate in order to retain the Company’s\ntreasury.  At the same time, management is seeking out additional\ninvestment and project acquisition opportunities across the globe.\n Radius is a member of the Gold Grou...