Threegold Resources Inc.: $1,050,000 Non-Brokered Private Placement
Published : April 25, 2011
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Keywords :   Gold | Gold Bullion | Market | Rare Earth |

VAL-D'OR, QUEBEC--(Marketwire - April 25, 2011) - Threegold Resources Inc. (News - Market indicators) is pleased to announce that it has initiated a non-brokered private placement of up to 3,500,000 units at a price of $0.30 per unit, for aggregate gross proceeds of up to CDN$1,050,000. Each unit will consist 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 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. Commissions or finder's fees may be paid to qualified entities up to the rates allowed by the TSX Venture Exchange. The financing is subject to the approval of the TSX Venture Exchange.

ABOUT THREEGOLD

Threegold Resources is actively pursuing gold discoveries on three projects in prolific mining and exploration camps in Ontario and Québec. The 100% owned Adanac project is immediately adjacent to Gold Bullion's Granada discovery and west of Osisko's 12M ounce deposit on the Abitibi belt. The South Bay Project has yielded a significant surface discovery near Val-d'Or and the Company has recently acquired land in the Shining Tree Camp on the western extension of the Cadillac–Larder Lake Fault Zone. Management is evaluating opportunities to create shareholder value with its recent Rare Earth Element discovery and its Base Metal project in the Gaspé Peninsula.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of theTSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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

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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