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PC Gold Announces Financing | | | | Ottawa, Ontario – November 16, 2009 – PC Gold Inc. (TSX: PKL) (“PC Gold” or “the Company”) is pleased to announce that it has today filed a preliminary short form prospectus (the “Preliminary Prospectus”) with the securities regulatory authorities in the provinces of British Columbia, Alberta and Ontario in connection with a commercially reasonable efforts offering of units (the “Units”) of the Company to raise gross proceeds of a minimum of $5 million and a maximum of $10 million (the “Offering”). Each Unit will consist of one common share of the Company (a “Common Share”) and one-half of one transferable common share purchase warrant (each whole warrant, a “Warrant”), with each Warrant being exercisable to acquire one Common Share for a period of 18 months from closing. The issue price per Unit under the Offering and the exercise price of the Warrants will be determined in the context of the market prior to filing the final short form prospectus in respect of the Offering. The Offering will be led by Canaccord Capital Corporation, with a syndicate comprising Research Capital Corporation and Raymond James Ltd. (collectively, the “Agents”). The Company has granted the Agents an over-allotment option exercisable in whole or in part no later than 48 hours prior to the closing of the Offering to sell that number of additional Units equal to 15% of the Offering. For a full pdf copy of this press release please click here. | | |
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