Pediment Exploration
Mexico: La Colorada, Sonora - San Antonio project, Baja California Sur.
Message: Announces $8,000,000 Unit Private Placement
| March 30, 2009 |
| Pediment Gold Corp. Announces $8,000,000 Unit Private Placement |
| VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 30, 2009) - THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES Pediment Gold Corp. (TSX:PEZ)(OTCBB:PEZGF)(FRANKFURT:P5E) (the "Company") is pleased to announce that it has appointed M Partners Inc. of Toronto (the Agent") as lead agent to act on best efforts agency basis in connection with a private placement of up to 8,888,889 units at a price of $0.90 per unit for gross proceeds of approximately $8,000,000, subject to an over-allotment option. Each unit will comprise one common share and one-half of one warrant. Each whole warrant will be exercisable to acquire one additional common share at a price of $1.25 per share for a period of 24 months from the closing date. The Agent may increase the size of the offering by up to an additional 1,333,333 units or approximately $1,200,000, at any time on or before two days prior to closing. The Agent will be entitled to a cash commission equal to 6% of the proceeds from the offering and to receive broker warrants exercisable for that number of units as is equal to 6% of the number of units sold under the offering for a period of 24 months at a price of $0.90 per unit. The offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Toronto Stock Exchange and the securities regulatory authorities. Management expects that the net proceeds from the Offering will be used to advance the Company's San Antonio Gold project and for general working capital. Gary Freeman, President and Chief Executive Officer |
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