The strategic investor's shares are free trading in just under 3 weeks. I guess we'll see just how strategic they are. The share price was 19 cents when that presser was released. Over 7 million shares traded around 18 cents out of Cormarks house.

San Gold closes private placement for $4-million

2013-09-12 14:55 PT - News Release

Mr. Ian Berzins reports

SAN GOLD ANNOUNCES CLOSING OF PRIVATE PLACEMENT OFFERING

San Gold Corp. has closed its previously announced private placement offering. At the closing of the offering, San Gold issued 32 million units at a price of 12.5 cents per unit for aggregate gross proceeds of $4-million. The units were all purchased by Sprott Asset Management LP on behalf of various funds managed by it.