 | |
| |
| | March 03, 2010
CORAL GOLD RESOURCES ARRANGES $2.75 MILLION FINANCING
|
| | Coral Gold Resources Ltd. (the "Company") 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"
___________________________________
David Wolfin
President |
| |
| | You can view the Next News Releases item: Wed Mar 24, 2010, CORAL GOLD INCREASES SIZE OF NON-BROKERED PRIVATE PLACEMENT
You can view the Previous News Releases item: Tue Feb 2, 2010, CORAL GOLD RESOURCES ANNOUNCES $1.5 MILLION PROGRAM FOR ROBERTSON PROJECT
You can return to the main News Releases page, or press the Back button on your browser.
|
| | |
