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Austral Gold Limited: Austral Gold Closes Acquisition of Ensign Gold Company or Austral ) is pleased to announce that its wholly-owned subsidiary, Argentex Mining Corp., has completed its purchase of 5,950,000 units (each a Unit ) in the capital of Ensign Gold Inc. ( Ensign ), a privately-held Canadian company with exploration assets in the state of Utah, U.S.A., for an aggregate purchase price of C$1,487,500 (approximately US$1,171,260), or C$0.25 per Unit. Each Unit consists of one Class A share (each, a Share ) in the capital of Ensign and one-half of one transferable share purchase warrant (each whole warrant, a Warrant ). Each Warrant will entitle the holder to purchase one additional Share at an exercise price of $1.50 for a period of 36 months, subject to an acceleration provision. After adjusting for this subscription, Argentex owns approximately 19.96% of the issued and outstanding Ensign Shares on an undiluted basis and approximat ....
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Austral Gold Limited: Austral Gold Agrees to Expand Footprint in the U.S. Company or Argentex ), has entered into a Subscription and Investment Agreement with Ensign Gold Inc. ( Ensign ), a Canadian corporation, pursuant to which Argentex has agreed to purchase 5,950,000 units (each a Unit ) of Ensign for C$0.25 per Unit, for an aggregate purchase price of C$1,487,500 (US$1,162,109 at an assumed exchange rate of 1.28). Each Unit will consist of one Class A share (each, a Share ) in the capital of Ensign and one-half of one transferable share purchase warrant (each whole warrant, a Warrant ). Each Warrant will entitle the holder to purchase one additional Share at an exercise price of $1.50 for a period of 36 months, subject to an acceleration provision that will accelerate expiration of the Warrants if the closing sale price for a Share on a public market exceeds C$2.00 for 30 consecutive trading days. After adjusting for this subscription, Ar ....
Austral Gold Agrees to Expand Footprint in the U.S. marketwatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketwatch.com Daily Mail and Mail on Sunday newspapers.