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Share Name | Share Symbol | Market | Type |
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TSXV:RGZ | TSX Venture | Common Stock |
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0.00 | 0.00% | 0 | - |
The Corporation also announced today that it has closed a non-brokered private placement of up to $150,000 of its securities consisting of the sale of 1,000,000 common shares with flow-through tax benefits at $0.15 per share. Proceeds of the financing will be used for the advancement of the Corporation's Titan iron-titanium-vanadium deposit located in northern Ontario, Canada.
The Corporation will pay a finder's fee of 148,900 broker warrants to an agent. Each broker warrant grants the right to purchase one common share at an exercise price of $0.20 per share for a period of two years from the closing date. All securities issued in respect of the warrants will be subject to a hold period of 4 months and 1 day from this date which is the date of closing.
On behalf of the Board of Directors of Randsburg International Gold Corp.
Michael Opara, President and Chief Executive Officer
Copyright, 2009 - Randsburg International Gold Corporation. This news release can be reproduced and retransmitted in whole, with no changes permitted of any kind, including headlines, or the addition of any headlines or other material, and providing it is supplied and made available without charge to the end reader.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Contacts: Randsburg International Gold Corp. info@randsburginternational.com www.randsburginternational.com
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