Pediment Exploration
Mexico: La Colorada, Sonora - San Antonio project, Baja California Sur.
Message: Amends Unit Private Placement Terms
| April 2, 2009 |
| Pediment Gold Corp. Amends Unit Private Placement Terms |
| VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 2, 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 "Pediment" or the "Company") announces that it is amending the terms of its unit private placement first announced on March 30, 2009. Pediment will now appoint both M Partners Inc. and Thomas Weisel Partners Canada Inc. (the "Agents") to act on a best efforts agency basis in connection with a private placement of up to 6,666,667 units at a price of $0.90 per unit for gross proceeds of approximately $6,000,000. 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. There will be no Agents' over-allotment option. The Agents 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 Pediment common shares as is equal to 6% of the number of units sold under the offering for a period of 24 months at a price of $0.99 per common share. 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. Pediment Gold Corp. Gary Freeman, President and Chief Executive Officer |
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