Canadian Gold Corp. Launches $1.5M Private Placement

Satori Resources (TSE:CGC) has released an update.

Canadian Gold Corp. has announced a non-brokered private placement offering aimed at raising up to $1.5 million through the sale of flow-through and non-flow through common shares, to fund exploration at the Tartan Lake Project and for working capital. The offering, which is priced at $0.16 per flow-through share and $0.14 per non-flow-through share, is awaiting regulatory approval and will carry a four-month hold period. Additionally, the company may pay a 6% finder’s fee on the gross proceeds from the offering.

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