Threegold Resources Inc.: $581,100 Non-Brokered Private Placement
15 Novembre 2011 - 12:47AM
Marketwired
November 14, 2011 -Threegold Resources Inc. (TSX VENTURE:THG) is
pleased to announce that it has completed a private placement for
gross proceeds of $581,100.
According to the terms of the placement, the company
successfully raised $581,100 by issuing 3,874,000 flow-through
common shares at a price of $0.15 per common share. All shares are
subject to a four (4) month hold period expiring on March 15,
2012.
In connection with the private placement the company paid a
finder's fee of $15,000.
The proceeds of the private placement will be used for
exploration expenses on its current projects.
ABOUT THREEGOLD
Threegold Resources is actively pursuing gold discoveries on
three projects in prolific mining and exploration camps in Ontario
and Quebec. The 100% owned Adanac project is immediately adjacent
to Gold Bullion's Granada discovery and west of Osisko's 12M ounce
deposit on the Abitibi belt. The South Bay Project has yielded a
significant surface discovery near Val-d'Or and the Company has
recently acquired land in the Shining Tree Camp on the western
extension of the Cadillac-Larder Lake Fault Zone. Management is
evaluating opportunities to create shareholder value with its
recent Rare Earth Element discovery and its Base Metal project in
the Gaspe Peninsula.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Mr. Victor Goncalves President and CEO Threegold
Resources Inc (204) 997-5517info@threegold.ca Mr. Antoine Fournier,
P. Geo. Vice-president Exploration Threegold Resources Inc (819)
825-3883info@threegold.cawww.threegold.ca
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