Teranga Gold Corporation (fka TGCDF)

[geodan]

Nov 1: Teranga(TGCDF)says to sell 62 million common shares of company at a price of $1.05 per common share

* Teranga Gold(TGCDF) -plans to direct about $30 million of net proceeds of offering to construction readiness activities for its acquired Banfora gold project

* Teranga Gold(TGCDF) -intends to use remainder of net proceeds to fund exploration activities associated with its Banfora, Golden Hill and Gourma gold projects

* Teranga Gold(TGCDF) announces $65 million equity offering Source text for Eikon: Further company coverage: ;))

Well not totally surprising they are on all out growth offensive. Is that $1.05 USD?

In aftermarket holding steady, 1.14Bid CND, guessing CND, see full PR below


http://www.terangagold.com/English/investors/news/newsreleasedetails/2016/Teranga-Gold-Announces-65-Million-Equity-Offering/default.aspx