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Message: Re: More dilution?

Feb 22, 2011 11:34AM

It's exactly what was stated in the last news release.

BISSETT, MB, Feb. 18 /CNW/ - San Gold Corporation (Bissett, Manitoba) (TSX: SGR) (OTCQX: SGRCF) (the "Company") is pleased to announce that it has amended its previously announced financing with a syndicate of agents co-led by Primary Capital Inc. and CIBC and including Dundee Securities Ltd. (the "Agents") to increase the number of flow-through common shares of the Company (the "Flow-Through Shares") that the Agents will sell from 5,400,000 to 6,650,000 Flow-Through Shares at a price of $3.75 per Flow-Through Share (the "Issuer Price"). The gross proceeds have correspondingly increased from $20,250,000 to $24,937,500. The option granted to the Agents to sell an additional 1,350,000 Flow-Through Shares at the Issue Price for up to an additional$5,062,500 has not changed. All other terms of the offering remain the same.


Feb 22, 2011 12:01PM

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