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SearchGold Resources Inc. Announces Private Placement
Published : September 20, 2012
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Mots clés associés :   Burkina Faso | Gabon |

TORONTO, ONTARIO--(Marketwire - Sept. 20, 2012) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OF AMERICA OR THROUGH U.S. WIRE SERVICES.

SearchGold Resources Inc. ("SearchGold" or the "Company") (News - Market indicators)(FRANKFURT:S1O) is pleased to announce a non-brokered private placement (the "Offering") of up to $250,000, comprised of units (each a "Unit" and together, the "Units") at a subscription price of $0.05 per Unit. Each Unit shall be comprised of one common share of the Company and one full common share purchase warrant (each a "Warrant" and together, the "Warrants") exercisable for a period of 24 months following the closing date of the Offering (the "Closing Date"). The Warrants shall be exercisable at a price of $0.05 for the first 12 month term of the Warrant following the Closing Date and at $0.10 for the remaining 12 month term of the Warrant.

The closing of the Offering remains subject to the completion of formal documentation and receipt of regulatory approval, including the approval of the TSX Venture Exchange.

The Company plans to use the proceeds of the Offering towards the Corporation's work program on the Company's Mandiana project which is located in eastern Guinea, West Africa or for general corporate purposes.

To learn more about SearchGold, please visit the Company's website at www.searchgold.ca

About SearchGold Resources

SearchGold is a Canadian-based mining exploration company whose primary mission is to target, explore and advance gold properties of merit. The Company currently has mineral Interests in Burkina Faso, Gabon and Guinea. 

Except for statements of historical fact contained herein, the information in this press release may constitute "forward-looking information" within the meaning of Canadian securities law. Other than statements of historical fact, all statements are "forward-looking statements", including statements concerning the Offering and the Company's African projects, such factors and/or events involve various known and unknown risk and uncertainties and other factors, such as market conditions. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned to not place undue reliance on these "forward-looking statements". Except as otherwise required by applicable securities statutes or regulation, SearchGold expressly disclaims any intent or obligation to update public forward-looking information, whether as a result of new information, future events or otherwise.

Neither 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.

SearchGold Resources Inc.
Stanley Robinson
President and Chief Executive Officer
647 344 4222
stan.robinson@ca.inter.net
www.searchgold.ca
Données et statistiques pour les pays mentionnés : Burkina Faso | Gabon | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Burkina Faso | Gabon | Tous

Searchgold Resources Inc

EXPLORATEUR
CODE : RSG.V
Suivi et investissement
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Searchgold est une société d’exploration minière d'or basée au Canada.

Searchgold détient divers projets d'exploration au Gabon.

Ses principaux projets en exploration sont MANDIANA en Guinee, BOOUÉ - MIMONGO et BAKOUDOU - MAGNIMA au Gabon et DOU - TAOUREMBA, ZITENGA II, GUEGUERE et ARAE-GASSEL au Burkina Faso.

Searchgold est cotée au Canada. Sa capitalisation boursière aujourd'hui est 1,6 millions CA$ (1,4 millions US$, 1,1 millions €).

La valeur de son action a atteint son plus bas niveau récent le 24 décembre 2008 à 0,01 CA$, et son plus haut niveau récent le 19 mars 2010 à 0,72 CA$.

Searchgold possède 32 835 000 actions en circulation.

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Financements de Searchgold Resources Inc
20/09/2012. Announces Private Placement
Projets de Searchgold Resources Inc
09/06/2011(Gueguere)Provides Update on Gueguere Following Indigo's Drill Interce...
29/03/2010(Arae-gassel)Hits Up to 0.54 G/T Au Over 25 M in AC Drilling of New Explo...
18/03/2010(Arae-gassel)Hits Up to 1.69 g/t Au Over 50 m in Kerboule South RC Drilli...
22/12/2009(Arae-gassel)Targets Large Scale Resource and Starts Drilling on Arae-Gas...
23/10/2009(Arae-gassel)and Swala to Start Drilling in November 2009 on Arae-Gassel ...
28/05/2009(Mandiana)Diamond Production and Sales
19/05/2009(Gueguere)Options Gueguere Property South of Poura Mine in Burkina Fas...
13/08/2008(Bakoudou - Magnima)Reports an Open Pit Gold Reserve of 150,000 Ounces of Gold ...
14/02/2008(Bakoudou - Magnima) INTERSECTS 16.43 G/T AU OVER 4 M AND PROVIDES DRILLING UPDA...
Communiqués de Presse de Searchgold Resources Inc
29/10/2012. Announces Decision of its Joint Venture Partner to Not Pro...
13/07/2011Announces Board and Management Changes
23/06/2011Provides Update on Swala and Burkina Faso
22/06/2011Reminds Shareholders About its Annual General Meeting of Jun...
19/05/2011Sells Remaining 27% Interest in Bakoudou-Magnima to Managem
26/04/2011Provides Update on Stellar Diamonds plc, Strategic Focus on ...
24/03/2011Provides an Update on its Burkina Faso Activities
07/07/2010Note Reference to Swala
23/06/2010Will Not Consolidate its Shares
15/06/2010Recommends a Vote for The Share Consolidation to Its Shareho...
01/06/2010Proposes a Share Consolidation to its Shareholders
03/11/2009Proposed Merger Between Stellar Diamonds and West African Di...
18/09/2009Completes a $372,000 Financing
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