Trading Symbol: RGZ.V
TORONTO, Sept. 21 /CNW/ - Randsburg International Gold Corporation
(TSX-V: RGZ) announced today that it has agreed to a non-brokered private
placement of its securities consisting of the sale of 300,000 units at $3.00
per unit.
Each unit will consist of one common share and one half of a non-
transferable share purchase warrant. Each full warrant will entitle the holder
to purchase one additional common share of the Company for $3.30 for a two
year period from closing. The Company has agreed to pay finders fees on a
portion of this placement to participating brokers.
This private placement is subject to acceptance for filing by the TSX
Venture Exchange.
Pursuant to its stock option plan, the Company has agreed to grant
incentive stock options on a total of 300,000 common shares in its capital
exercisable at a price of $3.00 each for a period of two years.
ABOUT RANDSBURG INTERNATIONAL GOLD CORPORATION
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Randsburg International Gold Corporation is a Canadian exploration
company listed on the TSX Venture Exchange (Symbol TSX-V:RGZ). The Company is
engaged in exploring for diamonds, titanium, iron, precious and base metals,
and platinum group metals (PGMs) in Brazil, Canada and Nevada. The Company has
three active exploration projects:
1. Victory Strike diamond project in Brazil - 85% owned
2. Titan Project (iron-titanium-vanadium) in Northern Ontario
- 100% owned
3. Elephant Gold and Silver Joint Venture Project, Nevada
To find out more about Randsburg International Gold Corporation (TSX-V:
RGZ), visit our website at www.randsburgdiamonds.com
Investor Relations:
For all future Randsburg investor relations needs, investors are asked to
visit the Randsburg IR Hub at http://www.agoracom.com/IR/Randsburg where they
can post questions and receive answers within the same day, or simply review
questions and answers posted by other investors. Alternatively, investors are
able to e-mail all questions and correspondence to RGZ(at)agoracom.com where
they can also request addition to the investor e-mail list to receive all
future press releases and updates in real time.
FORWARD-LOOKING STATEMENTS: Except for statements of historical fact, all
statements in this news release -- including, without limitation, statements
regarding forecasts, plans and objectives of Randsburg International Gold
Corp. -- are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate; actual results and future events could differ materially from those
anticipated in such statements.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
Randsburg announces non-brokered private placement for $900,000
Randsburg International Gold Corp on 6ix
Earlier from Randsburg International Gold
- Titan Drill Results - Continuous Mineralization of Iron-Titanium-Vanadium In 1,119 Metres of Drill Core from Five New Drill Holes
- Randsburg announces polymetallic gold-silver-copper-lead-zinc discovery at Elephant Project, Battle Mountain, Nevada
- Randsburg Acquires Option On Claim Block in Kirkland Lake Gold Mining Camp Project to be Known as Lightning Project
- Randsburg announces successful preliminary raw material evaluation of Titan Project mineralization - Altairnano Hydrochloride Pigment (AHP) process extracts greater than 95% titanium
- Randsburg announces new macrodiamonds discovered at Victory Strike project in Brazil - Four gem quality macrodiamonds totaling 4.49 carats recovered during auger drilling from 744 kilos of bedrock
Later from Randsburg International Gold
- Randsburg announces expanded drill program at Elephant
- Randsburg increases interest in Elephant Project to 50%
- Titan Drill Results - Continuous Mineralization of Iron-Titanium-Vanadium In 927 Metres of Drill Core from Three New Drill Holes - Mineralization Present to a Depth of 535 Metres
- Diamonds Discovered at Lightning Strike Project - Northern Ontario
- Randsburg completes private placement for gross proceeds of $1,154,325- Placement oversubscribed
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