Acadian Gold Corporation Announces Increase in Size of Private Placement Financing.HALIFAX, Nova Scotia For other uses, see Halifax. Halifax, Nova Scotia may refer to any of the following:
The corrected release reads: ACADIAN GOLD CORPORATION ANNOUNCES INCREASE IN SIZE OF PRIVATE PLACEMENT FINANCING Acadian Gold Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:ADA Ada, city, United States Ada (ā`ə), city (1990 pop. 15,820), seat of Pontotoc co., S central Okla.; inc. 1904. It is a large cattle market and the center of a rich oil and ranch area. ) ("Acadian Gold") is pleased to announce that it has agreed with Northern Securities Inc. ("Northern") to increase the size of its previously announced private placement financing by an additional $520,000 for a total private placement size of up to $1,720,000. Under the increased offering, Acadian Gold has agreed to issue up to $1,120,000 of equity units at $0.18 per equity unit. Each equity unit will consist of one common share and one-half of common share purchase warrant. All whole warrants will be exercisable into common shares for a period of 18 months from closing at a price of $0.27. Acadian Gold has also agreed to issue up to $600,000 of flow-though shares at $0.25 for common share. Acadian Gold granted Northern an over-allotment option to purchase up to 10% of the number of equity units and flow-though shares issued on closing. In addition, Acadian Gold has the option to agree to issue an additional 15% of the number of flow-through shares and equity units sold under the offering. The over-allotment options are exercisable at a price equal to the issue price and must be exercised by December 31, 2004. The closing is now expected to occur on or about November 30, 2004. The proceeds from the flow-though shares will be used to further develop Acadian Gold's Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. projects in Nova Scotia Nova Scotia (nō`və skō`shə) [Lat.,=new Scotland], province (2001 pop. 908,007), 21,425 sq mi (55,491 sq km), E Canada. Geography and New Brunswick New Brunswick, province, Canada New Brunswick, province (2001 pop. 729,498), 28,345 sq mi (73,433 sq km), including 519 sq mi (1,345 sq km) of water surface, E Canada. . The proceeds from the equity units will be used for general corporate purposes. For additional information on Acadian Gold's properties and activities, please visit our recently updated web site at www.acadiangold.ca. If you wish to be added to Acadian Gold's email or fax distribution list for future news releases and updates, please contact us at phone: 902-444-7779, fax: 902-444-3296 or email: mail@acadiangold.ca. Shares Outstanding: 36,878,078 The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. does not accept responsibility for the adequacy or accuracy of this release. |
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