Pershing Gold Raises $6 Million to Advance Relief Canyon Mine, Nevada
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Pershing Gold Corporation has raised $6 million to advance the Relief Canyon project.
Pershing Gold closed on a private placement with Donald Smith Value Fund, L.P. for the sale of 1,850,000 units, at a price of $3.25 per unit, for net proceeds to the company of approximately $6 million. Each unit is comprised of 1 share of Pershing Gold common stock and a 30-month warrant to acquire 0.5 of a share of Pershing Gold common stock at an exercise price of $4.35.
The company expects to use the net proceeds for advancement of the Relief Canyon project and for general corporate purposes.
About Pershing Gold
Pershing Gold Corporation owns the Relief Canyon Mine property in Pershing County, Nevada.
To stop by Pershing Gold’s website, CLICK HERE
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