Business & Finance
Wed, September 30, 2009Tue, September 29, 2009Mon, September 28, 2009Sun, September 27, 2009Fri, September 25, 2009Thu, September 24, 2009Wed, September 23, 2009Tue, September 22, 2009Mon, September 21, 2009Fri, September 18, 2009Thu, September 17, 2009Wed, September 16, 2009G4G Resources Ltd.: G4G Resources Announces Private Placement Financing
Published in Business and Finance on Wednesday, September 23rd 2009 at 6:24 GMT by Market Wire
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 23, 2009) - G4G Resources Ltd. (TSX VENTURE:GXG) ("G4G") announces plans to complete a non-brokered private placement of up to $1,750,000 through the issuance of units priced at $0.25. Each unit would consist of one common share and one common share purchase warrant (a "Warrant"). Each Warrant would entitle the holder to acquire an additional common share of G4G at a price of $0.50 until the earlier of (i) 24 months following issuance; and (ii) in the event that the common shares of G4G trade at or above $0.70 per share for a period of 20 consecutive days. The private placement financing is subject to regulatory approval and all securities issued in connection with the private placement will be subject to a four-month regulatory hold period.
G4G plans on using the proceeds from the financing for identifying and evaluating geothermal and ironsands projects, for which the company has received or submitted applications for minerals concessions together with local partners, and for identifying and evaluating additional opportunities and working capital purposes. There are no assurances that the minerals concessions applications will be granted.
About G4G Resources
G4G Resources is a Canadian-based mineral exploration and development company focused on a number of resource projects.
Forward-Looking Statement
This document may contain or refer to forward-looking information based on current expectations, including, but not limited to timing of mineral resource estimates, future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and G4G Resources Ltd. assumes no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties, as it relates to G4G Resources Ltd., please refer to the Company's 2008 Annual Report filed with SEDAR on April 23, 2009.
Should you wish to receive Company news via email, please email [ ir@g4gresources.com ] and specify "G4G News" in the subject line.
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.
