RTT : Boxxer Gold Plans To Raise Up To $250K Through Private Placement - Quick Facts
Gold Corp. (BXX.V: News ) said it intends to raise up to $250,000 by way of a non-brokered private placement. A total of up to 5 million units will be offered for sale at a price of $0.05 per unit, the company stated. Each Unit will consist of one common share in the share capital of Boxxer and one-half of a Common Share purchase warrant, the company noted.
Boxxer Gold noted that each whole warrant shall be exercisable for 12 months from the date of issuance into one common share at an exercise price of $0.10 per common share. Boxxer said it will use the proceeds of the offering for general working capital purposes. The Offering is subject to regulatory approval.
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by RTT Staff Writer
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