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AGORACOM WIRE - WEDNESDAY MAY 30TH, 2012

GOLDEN HOPE MINES (TSXV:GNH) Confirms High Grade Intersection of 64.1 g/t Au (Gold) over 1m Read More 

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  • Two additional fire assays on the original pulp done prior to the screen metallic analyses returned 0.22 g/t Au and 0.12 g/t Au for an average fire assay grade of 0.41 g/t Au. The weighted average of all the fire assays and screen metallic assays from this 1-metre section in hole BD2011-184 is 64.1 g/t Au.

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Message: NEWS: 4,209,271-share private placement accepted by TSX...

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NEWS: 4,209,271-share private placement accepted by TSX...

posted on Jul 31, 09 08:09PM

Sheltered Oak 4,209,271-share private placement

2009-07-31 19:10 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced July 23, 2009.

Number of shares: 4,209,271 flow-through shares and 818,000 non-flow-through shares

Purchase price: 11 cents per share

Warrants: 2,513,634 share purchase warrants to purchase 2,513,634 shares

Warrant exercise price: 17 cents for a one-year period

Hidden placees: Nine hidden placees participated

Pro groups: Merrill Burton, 90,000; Paul Jelec, 200,000

Finders' fees: A total cash commission of $34,350 and 386,821 finders' warrants payable to Limited Market Dealer Inc., Altus Securities Inc., Jones, Gable & Company Ltd., and David Horlington (Each finder's warrant entitles the holder to acquire one unit at 11 cents for a one-year period.)

Note that in certain circumstances, the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

For further details, please refer to the company's news release dated July 23, 2009.

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