Welcome to the San Gold HUB on AGORACOM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
Message: Just do it !
Dale says oversubscribed by about two and half times - great to see interest in our stock.
Dale says will be used to speed up development of San Gold's new high-grade Hinge zones - great, at what speed ?
Dale said at the AGM - TSX listing this year.
Dale said at the AGM - cash flow positive Q4 2008
Dale said at the AGM - updated 43101 coming.
Ok, now I'm waiting for a number runners to get hit in to home base. I'm waiting for a win !
JUST TO IT !!!!
From the Winnipeg Free Press.
San Gold announces private placement deal
Updated: September 23 at 02:50 AM CDT
SAN Gold Corp., the gold mining operation in Bissett, announced a private placement deal to raise $20 million on Monday, the same day gold spiked up $44.30.
Dale Ginn, CEO of San Gold, said the money will be used to do more development work on two gold finds that the company is proving up in the Rice Lake greenstone belt.
Ginn said the market was so enthusiastic about the deal that it was oversubscribed by about two and half times.
The underwriting syndicate has agreed to purchase 13,350,000 flow-through common shares at $1.50 a share.
Ginn said the proceeds will be used to speed up development of San Gold's new high-grade Hinge zones as well as initial development of its Cartwright/Gabrielle zones going into 2009.
San Gold shares were up eight cents to $1.35 on Monday.
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