Threegold Resources Inc.: Closing of the Second Tranche of a Non-Brokered Private Placement for $18,900
November 24 2011 - 4:30PM
Marketwired
Threegold Resources Inc. (TSX VENTURE:THG) is pleased to announce
that it has completed the second tranche of a non-brokered private
placement for gross proceeds of $18,900 bringing the total gross
proceeds for the private placement to $600,000 (see press release
dated November 14, 2011).
According to the terms of the placement, the company
successfully raised $18,900 by issuing 126,000 flow-through common
shares at a price of $0.15 per common share. All shares are subject
to a four (4) month hold period expiring on March 19, 2012.
The proceeds of the private placement will be used for
exploration expenses on its current projects.
ABOUT THREEGOLD
Threegold Resources is actively pursuing gold discoveries on
three projects in prolific mining and exploration camps in Ontario
and Quebec. The 100% owned Adanac project is immediately adjacent
to Gold Bullion's Granada discovery and west of Osisko's 12M ounce
deposit on the Abitibi belt. The South Bay Project has yielded a
significant surface discovery near Val-d'Or and the Company has
recently acquired land in the Shining Tree Camp on the western
extension of the Cadillac-Larder Lake Fault Zone. Management is
evaluating opportunities to create shareholder value with its
recent Rare Earth Element discovery and its Base Metal project in
the Gaspe Peninsula.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of theTSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Contacts: Mr. Victor Goncalves President and CEO Threegold
Resources Inc (204) 997-5517info@threegold.ca Mr. Antoine Fournier,
P. Geo. Vice-president Exploration Threegold Resources Inc (819)
825-3883info@threegold.cawww.threegold.ca