La Ronge Gold Announces Increase to Private Placement Unit and Flow-Through Financing
15.03.2012 | Marketwired
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BRITISH COLUMBIA -- (Marketwire - March 15, 2012) - La Ronge Gold Corp. ("La Ronge" or the "Company") (TSX VENTURE:LAR) is pleased to announce that, in connection with its previously announced private placement unit and flow-through common share offering (the "Offering") led by Canaccord Genuity Corp., it has increased the size of the Offering in any combination of units and flow-through common shares by $506,500 from the original announcement. The flow-through common shares will be issuable on a "flow-through" basis pursuant to the Income Tax Act (Canada).
The proceeds raised under the Offering will be used for exploration and development of the Company's Saskatchewan projects and for general working capital purposes.
Closing of the Offering is anticipated to occur on or before March 29, 2012 and is subject to receipt of applicable regulatory approvals including approval of the TSX Venture Exchange. Securities issued under the Offering will be subject to a four month hold period which will expire four months from the date of closing.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
La Ronge Gold Corp. is a gold exploration company focusing on the exploration of gold projects in Canada. The Company has acquired projects in Saskatchewan with historical gold ounces and is in the process of bringing those historical gold ounces to the NI 43-101 standards. The Company also holds other gold projects located in Ontario, Canada.
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Contact Information
La Ronge Gold Corp.
Rasool Mohammad
President & CEO
(604) 639-4533
La Ronge Gold Corp.
Kevin Hull
Investor Relations
(604) 639-4533
www.larongegold.com
