Edgewater Recieves Additional $2,200,000 From Warrant Exercise Kinross Gold Exercises All Warrants
June 23 2011 - 9:15AM
Marketwired
Edgewater Exploration Ltd. ("Edgewater" or the "Company") (TSX
VENTURE: EDW)(OTCQX: EDWZF) is pleased to announce the Company has
secured an additional $2,200,000 from the exercise of all warrants
attached to a financing which closed June 22, 2010.
Kinross Gold Corporation ("Kinross") (TSX: K)(NYSE: KGC), a
shareholder of Edgewater, exercised 1,000,000 warrants in
connection with an earlier private placement which closed June 22,
2010. Kinross now holds 3,625,000 Shares and 5,312,500 warrants
(5,000,000 of which are only exercisable in the event that
Edgewater delineates a 3,000,000 Au oz Measured and Indicated
resource for the Company's Enchi Gold project), representing 12.6%
of Edgewater's outstanding shares (assuming the exercise of all
warrants held by Kinross only).
Proceeds of the additional capital and the recent financing will
be used to advance the Company's Corcoesto Gold Project, the Enchi
Gold Project and for general working capital.
About Edgewater Exploration Ltd.
Edgewater is a mineral exploration company focused principally
on acquisitions, advancement and development of precious metal
properties. Edgewater is currently developing the Enchi Gold
Project in Ghana, West Africa and the Corcoesto Gold Project in
northwest Spain.
On behalf of the board of EDGEWATER EXPLORATION LTD.
George Salamis, President and CEO
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Edgewater Exploration Ltd. Ryan King Vice President
(604) 628-1012 rking@edge-water.com www.edge-water.com
Edgewater Exploration (CE) (USOTC:EDWZF)
Historical Stock Chart
From Jul 2024 to Aug 2024
Edgewater Exploration (CE) (USOTC:EDWZF)
Historical Stock Chart
From Aug 2023 to Aug 2024