BELLEVUE, WA, April 22, 2013 /CNW/ - As a result of his participation in a private placement in Medgold Resources Corp. (the "Company"), Amin Lakha, of 500 - 108 Avenue NE, Bellevue, WA, has acquired for a purchase price of $975,000 a debenture ("Debenture") which is convertible into 6.5 million common shares of the Company at a rate of $0.15 each, and warrants ("Warrants") to purchase up to 6.5 million common shares of the Company at a price of $0.15 each. As a result of this transaction, and assuming both the conversion of the Debenture and the exercise of the Warrants in full, Mr. Lakha would own 13.0 million common shares, which would represent 19.87% of the then issued and outstanding common shares of the Company.
The shares were acquired by Mr. Lakha for investment purposes, and he may from time to time, directly or indirectly, acquire additional securities of the Company. Mr. Lakha has filed on www.sedar.com a report in accordance with NI 62-103, and a copy of the report may be obtained by contacting Mr. Lakha.
SOURCE: Amin Lakha
For further information:
500 - 108 Avenue NE
Bellevue, WA 98004