TSX-V-listed G2 Goldfields has announced a C$12-million capital raising to advance exploration activities at its Oko project, in Guyana.
The company has entered into an agreement with a syndicate of underwriters, led by Cormark Securities, to purchase on a "bought deal" basis 15-million common shares of the company at a price of C$0.80 each.
The underwriters also have an option to purchase that number of additional shares equal to 15% of the number of shares sold pursuant to the offering at the offering price, for market stabilization purposes and to cover any over-allotments, if any, for a period expiring 30 days after the date of closing of the offering.