SearchGold Completes a $372,000 Financing
September 18 2009 - 9:00AM
Marketwired
SearchGold Resources Inc. ("SearchGold" or "the Company") (TSX
VENTURE: RSG)(FRANKFURT: S10) is pleased to announce the completion
of a $372,000 private placement. The Company will issue 372 units
at a cost of $1,000 per unit. Each Unit includes 40,000 common
shares of the Company at a price of $0.025 per share and 20,000
common share purchase Warrants. Each Warrant entitles the holder to
purchase one common share of the Company at a price of $0.05 at any
time during the 12-month period from the Closing Date. The shares
to be issued are subject to a 4 month minimum hold period.
In connection with this private placement, a finder's fee will
be paid out to the following :
- Loeb Aron & Company Limited : $20,000 and 800,000 Finder's
warrants;
- Lightyear Capital Inc.: $17,200 and 688,000 Finder's
warrants.
Each Finder's Warrant shall be exercisable into 1 common share
at a price of $0.05 per share for a period of 12 months from the
closing date.
This financing is subject to the approval of the TSX Venture
Exchange.
The Company will provide its shareholders with project updates
in the coming days.
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: SearchGold Resources Inc. Philippe Giaro, President
& CEO 32-473-52-30-29 phgiaro@skynet.be SearchGold Resources
Inc. Denis Tremblay, Vice-President 1-514-866-4224
info@searchgold.ca www.searchgold.ca
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