SGR:TSX || SGRCF:OTCQX
BISSETT, MB, Feb. 18 /CNW/ - San Gold Corporation (Bissett, Manitoba)
(TSX: SGR) (OTCQX: SGRCF) (the "Company") is pleased to announce that
it has amended its previously announced financing with a syndicate of
agents co-led by Primary Capital Inc. and CIBC and including Dundee
Securities Ltd. (the "Agents") to increase the number of flow-through
common shares of the Company (the "Flow-Through Shares") that the
Agents will sell from 5,400,000 to 6,650,000 Flow-Through Shares at a
price of $3.75 per Flow-Through Share (the "Issuer Price"). The gross
proceeds have correspondingly increased from $20,250,000 to
$24,937,500. The option granted to the Agents to sell an additional
1,350,000 Flow-Through Shares at the Issue Price for up to an
additional $5,062,500 has not changed. All other terms of the offering
remain the same.
These securities being offered have not been and will not be registered
under the United States Securities Act of 1933, as amended (the "U.S.
Securities Act") and may not be offered or sold in the United States or
to, or for the benefit of, U.S. persons (as defined in Regulation S
under the U.S. Securities Act) absent registration or an applicable
exemption from registration requirements. This release does not
constitute an offer for sale of securities in the United States.
For further information contact Investor Relations at 1-800-321-8564 or
NOTE: The information in this release may contain forward-looking
information under applicable securities laws. This forward-looking
information is subject to known and unknown risks, uncertainties and
other factors that may cause actual results to differ materially from
those implied in the forward-looking information.
Neither the Toronto Stock Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the Toronto Stock Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE San Gold Corporation
For further information: