GoGold Resources Inc. completes C$11 million bought deal financing

http://www.juniorminingnetwork.com/junior-miner-news/press-releases/644-tsx/ggd/20753-gogold-resources-inc-completes-c-11-million-bought-deal-financing.html

HALIFAX, June 7, 2016 /CNW/ – GoGold Resources Inc. (“GoGold” or the “Company”) (TSX:GGD) is pleased to announce that it has closed its previously announced bought deal offering of 8,561,078 units of the Company at a price of C$1.30 per unit (the “Offering”) which includes 861,078 units issued pursuant to the exercise in part of an over-allotment option, for gross proceeds to the Company of C$11,129,401.40.

Each unit consists of one common share and one-half of one common share purchase warrant.  Each whole warrant entitles the holder to acquire an additional common share at a price of C$1.70 during the period ending 24 months following the closing of the Offering.

 

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