Business
Radius Increases Private Placement to $3.6 Million
Jun. 8, 2011 (Canada NewsWire Group) -- /NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERV...
About this update from Radius Gold Inc.
[{"type":"text","content":"\n\n\n Jun. 8, 2011 (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\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR\n DISSEMINATION IN THE UNITED STATES/\n\n\nVANCOUVER, June 8, 2011 /CNW/ - Radius Gold Inc. (TSXV: RDU) is pleased\n to announce that it has increased the size of the previously announced\n non-brokered private placement from 5.0 million units to a maximum of\n 6.0 million units, for gross proceeds of up to $3.6 million.  As\n previously disclosed, each unit will consist of one common share and\n one-half of a warrant, each whole warrant entitling the holder to\n purchase one additional common share at $0.75 exercisable for one year\n from closing.\n\n\nThe Company has agreed to allocate a portion of the financing to\n subscribers found by Axemen Resource Capital Ltd., an Exempt Market\n Dealer, and may agree to similar allocations to other exempt market or\n investment dealers. The Company will pay finder's fees equal to 5% of\n subscription amounts found, payable in cash or units, plus issue\n finder's warrants in an amount equal to 5% of units purchased, with\n each such finder's warrant to be exercisable into one common share of\n the Company at a price of $0.75 for one year from closing.\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\n throughout the region, including carried stakes in two small-scale\n developing gold proj...