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PC Gold Announces $7 Million Private Placement of Flow-Through Shares; Adds Fourth Drill to Exploration Program | | | | Ottawa, Ontario – April 5, 2010 – PC Gold Inc. (TSX: PKL) (“PC Gold” or “the Company”) is pleased to announce that it has entered into an agreement with Cormark Securities Inc. and including Canaccord Financial Ltd. as underwriters (collectively the "Underwriters"), under which the Underwriters have agreed to act as agents for the private placement of 3,850,000 flow-through common shares (“Flow-Through Shares”) of PC Gold on a guaranteed agency basis. The Flow-Through Shares will be offered at a price of $1.82 per share, for aggregate gross proceeds to the Company of $7,007,000. The proceeds of the financing will be used to incur eligible Canadian Exploration Expenses, as defined under the Income Tax Act (Canada), that will be renounced in favour of the purchasers with an effective date of no later than December 31, 2010. The funds will be used for exploration on the Company's Pickle Crow gold mine property in Ontario... Click here for a full pdf copy of this news release. | | |
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