NFX Gold arranges $250,000 financing with MineralFields
2007-06-22 16:18 ET - News Release
Mr. Thomas Larsen reports
NFX ANNOUNCES ADDITIONAL FINANCING WITH MINERALFIELDS
NFX Gold Inc. has arranged a non-brokered private placement of one million flow-through units to be issued on a flow-through basis under the Income Tax Act (Canada) at a price of 25 cents per unit, for gross proceeds to the company of $250,000 has been arranged with MineralFields Group.
Each flow-through unit will consist of one common share to be issued on a flow-through basis under the Income Tax Act (Canada) and one-half of one non-transferable share purchase warrant of the company. Each unit warrant will have a term of 18 months and will entitle the holder to purchase one common share at a price of 40 cents per share.
All securities to be issued pursuant to this private placement will be subject to a four-month hold period. Subject to regulatory approval, the company will pay a finder's fee equal to 5 per cent of the completed private placement, and further, the company will issue finder fee share purchase options on the same terms as the subscriber's units, equal to 10 per cent of the number of units subscribed for to an arm's-length party. |
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