St. James Gold - CEO, George Drazenovic (left)
CEO, George Drazenovic (left)
Source: St. James Gold
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  • St. James Gold (LORD) is reducing the price of the units being offered in its recently announced brokered private placement from $0.60 to $0.38 per unit
  • The company will issue up to 1,842,106 units for proceeds of up to $700,000
  • The proceeds raised will be used to advance the company’s exploration programs
  • St. James Gold is focused on discovering and developing economic mineral deposits
  • St. James Gold (LORD) is down 2.33 per cent on the day, trading at C$0.42 per share at 2:40 pm ET

St. James Gold (LORD) is reducing the price of the units being offered in its recently announced brokered private placement from $0.60 to $0.38 per unit.

The company will issue up to 1,842,106 units for proceeds of up to $700,000.

Each unit will include one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional share for a period of three years from the closing date of the offering.

The proceeds raised will be used to advance the company’s exploration programs and for general corporate matters.

The company may pay finder’s fees in connection with the offering. The offering may be closed in one or more tranches.

All securities issued will be subject to a four month hold period. The closing of the offering is subject to the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

St. James Gold is focused on discovering and developing economic mineral deposits.

St. James Gold (LORD) is down 2.33 per cent on the day, trading at C$0.42 per share at 2:40 pm ET.

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