BISSETT, MB, Feb. 18 /PRNewswire/ -- San Gold Corporation (Bissett, Manitoba) (TSX: SGR) (OTCQX: SGRCF) (the "Company") is pleased to announce that it has amended its previously announced financing with a syndicate of agents co-led by Primary Capital Inc. and CIBC and including Dundee Securities Ltd. (the "Agents") to increase the number of flow-through common shares of the Company (the "Flow-Through Shares") that the Agents will sell from 5,400,000 to 6,650,000 Flow-Through Shares at a price of $3.75 per Flow-Through Share (the "Issuer Price"). The gross proceeds have correspondingly increased from $20,250,000 to $24,937,500. The option granted to the Agents to sell an additional 1,350,000 Flow-Through Shares at the Issue Price for up to an additional $5,062,500 has not changed. All other terms of the offering remain the same.
These securities being offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold in the United States or to, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) absent registration or an applicable exemption from registration requirements. This release does not constitute an offer for sale of securities in the United States.
For further information contact Investor Relations at 1-800-321-8564 or visit http://www.sangold.ca/.
NOTE: The information in this release may contain forward-looking information under applicable securities laws. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied in the forward-looking information.
Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.
San Gold Corporation
CONTACT:
Investor Relations
1-800-321-8564
