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Pershing Gold Receives Extra $2.4M

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rtraster   Friday, 04/17/15 08:19:05 AM
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Pershing Gold Receives Extra $2.4M
SEC Form 4 filing today shows that Pershing Gold PGLC received an extra $2.4 million cash from its private placement at $0.32/share! Director Barry Honig purchased an additional 7,692,307 shares in the private placement.

Personally I like that the private placement is happening at prices so favorable to shareholders. Most other gold companies would be firesale slashing their private placements at 50-80% lower than the market price. Pershing Gold is selling institutional private placements basically AT MARKET. This is a huge vote of confidence for common stock shareholders. These prices are reasonable and supported by extremely wealthy, sophisticated investors.

Also, Pershing Gold gets another $2.4 million in cash.Extremely well-led company, Alfers knows how to run a gold company and work with investors, top class.

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