Private Placement Increased
January 2, 2014
Further to its previous news releases, Cortez Gold Corp announces that it will increase its private placement by increasing the size of the offering to 5.5 million units, for gross proceeds of $1.1 million. The pricing remains unchanged at $0.20 per unit with each Unit consisting of one common share of the Company and one-half of one share purchase warrant with each whole Warrant entitling the holder to acquire an additional common share of the Company at $0.40 per share for a period of 24 months after issuance. The Warrants will be subject to an accelerated expiry should the common shares of the Company close at a minimum of $0.60 for a period of twenty consecutive trading days on the TSX Venture Exchange.
