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Threegold Announces Closing of Private Placement
Published : May 11, 2011
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Keywords :   Gold | Gold Discovery | Market |

VAL-D'OR, QUEBEC, CANADA--(Marketwire - May 11, 2011) - Threegold Resources Inc. (News - Market indicators) ("Threegold" or the "Company") is pleased to announce that further to its news release dated April 25th, 2011, has closed its non-brokered private placement consisting of 3,500,000 units at a price of $0.30 per unit, for aggregate gross proceeds of CDN$1,050,000. Each unit consists of one common share and one full share purchase warrant. Each Warrant will be exercisable to purchase one common share of the Company for 12 months, at a price of $.40 per share. The warrants may be subject to a forced conversion, which comes into effect once the shares trade above a weighted average price of $0.60 for a twenty consecutive trading-day period. In the event of a forced conversion the warrant holders will have 30 days to exercise warrants.

The net proceeds from this private placement will be used for general working capital purposes. Finder's fees of $84,000 have been paid in cash and 280 000 finder's warrants have been issued to Primary Capital Inc. Each finder's warrant, will entitle its holder to acquire one common share at a price of $0.30 for a period of twelve (12) months. All securities issued have a hold period expiring September 12, 2011.

About the company

Threegold has established itself as one of the premier exploration companies in Quebec. The Company consists of a highly qualified technical team with extensive Quebec-based exploration experience including previous gold discoveries and expertise in geology, financing and public company management.

Threegold's focus is to create shareholder wealth through the discovery of new gold deposits with a 100% focus in Canadian assets mainly Quebec. As an emerging mineral exploration company, investors have the opportunity to participate in a Portfolio of high quality exploration projects and in turn the potential to take part in a major gold discovery.

With a strategic property portfolio and a solid alliance with Osisko, Threegold's goal is to discover a low cost producing, multi-million ounce gold deposit in Quebec.

ON BEHALF OF THE BOARD

"Victor Goncalves

President and CEO 

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.

Mr. Victor Goncalves
President and CEO
Threegold Resources Inc
(204) 997-5517
info@threegold.ca
or
Mr. Sylvain Laberge
Investor Relations
S.N.D.L. Financial Communication
(514) 380-5610
slaberge@sdnlfinancial.com
or
Mr. Antoine Fournier, P. Geo.
Vice-president Exploration
Threegold Resources Inc
(819) 825-3883
info@threegold.ca

Threegold Ressources Inc.

EXPLORATION STAGE
CODE : THG.V
ISIN : CA8857991068
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Threegold is a gold exploration company based in Canada.

Threegold holds various exploration projects in Canada.

Its main exploration properties are MERCIER, ADANAC, LEMIEUX DOME, FROTET-ROBERT and SOUTH BAY VAL D'OR in Canada.

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In the News and Medias of Threegold Ressources Inc.
1/18/2007Threegold Receives Preliminary Report and Signs an Options t...
Financings of Threegold Ressources Inc.
5/11/2011Announces Closing of Private Placement
11/16/2009$604,800 Private Placement
7/15/2009completes the first closing of a $600,000 private placement
7/9/2009private placement and results from the Annual General Meetin...
12/4/2008ENGAGES DESJARDINS SECURITIES FOR PRIVATE PLACEMENT OF UP TO...
7/14/2008Completes $162,000 private placement
7/7/2008ORGANIZES $150,000 PRIVATE PLACEMENT
Nominations of Threegold Ressources Inc.
6/27/2013Announces Results of AGM and Addition of Two New Members to ...
6/27/2013Announces Results of AGM and Addition of Two New Members to ...
5/29/2013Adopts By-Law 2013-1 Incorporating an Advance Notice Provisi...
1/13/2009appointment of Mr. Octavio Soares as Chief Financial Officer
Project news of Threegold Ressources Inc.
6/28/2011(Adanac)Osisko Mining Corporation Begins Exploration on Threegold's ...
1/24/2011(Adanac) Exploration Resumes on Adanac Project, Quebec, and South Ba...
4/30/2010(Mercier)Preliminary results from second drilling program
2/4/2010(Mercier)Second phase of diamond drilling
6/5/2008(Adanac)$2.83M EXPLORATION BUDGET
Corporate news of Threegold Ressources Inc.
9/20/2013Resources Inc.: Corporate Update
1/24/2013CORRECTION FROM SOURCE: Threegold Would Like to Extend an In...
1/9/2013Intends to Acquire 19.9% Interest in Golden Eagle Peru
6/1/2011Osisko Mining Corporation Vice President of Legal Affairs Jo...
5/26/2011(Adanac)Osisko Mining Corporation to Option the Adanac Gold Project ...
5/19/2011Osisko Mining Corporation Acquires 9.2 Percent Stake in Thre...
4/25/2011Resources Inc.: $1,050,000 Non-Brokered Private Placement
12/3/2009Gold & Commodities Conference
1/22/2009Information
1/5/2009THREEGOLD
11/13/2008Information
9/10/2008FINAL RESULTS FOR 2007 DRILLING PROGRAM AND EXPLORATION UPDA...
3/29/2007Encouraging Results From First Exploration Program On The Le...
12/20/2006Threegold Resources Inc. Files Final Short Form Prospectus f...
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