Roxgold Inc. is a mineral exploration and development company based in Vancouver, BC.

Roxgold has recently acquired options to earn 60% interests on a number of large mineral concessions in Burkina Faso, West Africa. This country has one of the fastest growing gold production records in the world.

Exploration work has begun on the concessions with the majority of the $1 million plus budget to be spent on drilling previously identified gold targets.

 

 

Latest News Release

 

Roxgold Inc. Announces $11.0 Million Bought Deal Private Placement

 

Roxgold Inc. has entered into an agreement with a syndicate of underwriters led by Cormark Securities Inc. and including GMP Securities LP, RBC Capital Markets Inc., Fraser Mackenzie Ltd., PI Financial Corp., Pope & Co. Ltd., Raymond James Ltd. and Toll Cross Securities Inc.

pursuant to which the underwriters have agreed to purchase 10 million common shares of the company on a bought-deal private-placement basis at a price of $1.10 per common share.

 

The company will pay the underwriters a cash commission equal to 7.0 per cent of the gross proceeds of the offering and issue broker warrants to acquire up to that number of common shares as is equal to 7.0 per cent of the total number of common shares issued pursuant to the offering at a price of $1.10 per share for a period of 24 months following the closing date.

 

The offering is scheduled to close on or about Nov. 16, 2011, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

 

The net proceeds of the offering will be used for continued exploration of the company's Burkina Faso properties and for general working capital purposes.

 

The securities described herein have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States unless registered under the act or unless an exemption from registration is available.

 


About Ahead of the HerdAbout Us

Aheadoftheherd.com is a community where investors trade ideas on the buying and selling of stocks

 


Ahead of the HerdRelated Articles


Ahead of the HerdSponsors List


Altair Ventures Inc

Canadian Int'l Minerals Inc
Cangold Ltd
Consolidated Woodjam Copper

Dajin Resources Corp

Great Panther Silver Ltd

Hudson Resources Inc
International Lithium
Kootenay Silver Inc.

New Pacific Metals Corp.
Niogold Mining Corp
North American Nickel
Northern Vertex
Ocean Park Ventures Inc
Planet Exploration Inc
Puget Ventures Inc
Sernova Corp.
Strike Graphite
Terraco Gold Corp
TNR Gold Corp.
Uranerz Energy Corp.
VMS Ventures Inc.
Western Potash Corp.

 


Ahead of the HerdOur Location

www.aheadoftheherd.com

Office Hours
5am - 4:30pm, M-F
9am - 12pm Saturday

No Charge  Newsletter Signup   Free Forum Signup



To contact us please email rick.mills@aheadoftheherd.com

Ahead of the Herd
www.aheadoftheherd.com