Coral Gold Resources Arranges $2.75 Million Financing
04 March 2010 - 10:36AM
Marketwired
Coral Gold Resources Ltd. (the "Company") (TSX VENTURE: CLH)(OTCBB:
CLHRF)(BERLIN: GV8)(FRANKFURT: GV8) is pleased to announce that it
has arranged a Non-Brokered Private Placement of up to 5,000,000
units at a price of $0.55 per unit, each unit consisting of one
common share and one non-transferrable share purchase warrant. Each
warrant will entitle the investor to purchase one additional common
share with a term of two (2) years at an exercise price of $0.75.
A finder's fee of 6% of the funds raised and 6% of Broker's
Warrants will be paid to agents for their assistance in the
financing.
The Broker's Warrants will entitle the Broker to purchase one
additional common share with a term of one (1) year at an exercise
price of $0.75.
The net proceeds of this Offering will be used to advance the
Company's Robertson gold project at Crescent Valley, Nevada towards
the work program announced on February 2, 2010 and general working
capital requirements.
The financing is Subject to approval of The TSX Venture Exchange
and all regulatory authorities. The securities issued by Coral in
connection with this financing are subject to a 4-month "hold
period" as prescribed by the TSX Venture Exchange.
For more information on the Robertson Property and Coral Gold's
other Nevada projects, visit the company's website at
www.coralgold.com.
ON BEHALF OF THE BOARD
David Wolfin, President
This release contains statements that are forward-looking
statements and are subject to various risks and uncertainties
concerning the specific factors disclosed under the heading "Risk
Factors" and elsewhere in the Company's periodic filings with
Canadian securities regulators. Such information contained herein
represents management's best judgment as of the date hereof based
on information currently available. The Company does not assume the
obligation to update any forward-looking statement.
Neither 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: Coral Gold Resources Ltd. David Wolfin President
604.682.3701 604.682.3600 (FAX) info@coralgold.com
www.coralgold.com
Coral Gold Resources (TSXV:CLH)
Historical Stock Chart
From Aug 2024 to Sep 2024
Coral Gold Resources (TSXV:CLH)
Historical Stock Chart
From Sep 2023 to Sep 2024
Real-Time news about Coral Gold Resources Ltd (TSX Venture Exchange): 0 recent articles
More Coral Gold Resources Ltd. News Articles