Premier Gold Could Add To 7% Gained on Monday as Details Flow-through

High-Grade Gold Projects

Red Lake and Geraldton are Canada's PREMIER addresses for gold

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Premier Gold Could Add To 7% Gained on Monday as Details Flow-through

posted on Sep 13, 2016 10:52AM

Share Private Placement of Up To $4,675,000 at Price Higher Than Where Shares Stand

2016-09-13 07:27:00 AM ET (MT Newswires)

07:27 AM EDT, 09/13/2016 (MT Newswires) -- PREMIER GOLD MINES LIMITED (PG.TO) overnight Monday said it intends to complete a non-brokered private placement of up to 850,000 common shares that are "flow-through shares" within the meaning of the Income Tax Act ( Canada ) at a price of $5.50 per Flow-Through Share for aggregate gross proceeds of up to approximately $4,675,000 .

Closing of the Offering is anticipated to occur on or about October 14, 2016 . The Offering is subject to approval by the Toronto Stock Exchange and other customary conditions for a transaction of this nature. The proceeds from the Offering will be used for exploration activities on the Corporation's Canadian mineral exploration projects.