Monday, April 5, 2010

PC Gold (TSE:PKL) Raising $6.96 Million in Private Placement

PC Gold Raising Capital to Add Drill

PC Gold (TSE:PKL) announced it will be raising $6.96 Million in a private placement which will be used to expand exploration at its Pickle Crow gold mine in Ontario.

An offering of 3.85 million flow-through shares at C$1.82 each is the means of raising the capital.

After a large gold discovery at Pickle Grow in March, PC Gold wanted to increase its drilling there, which will be done through adding a fourth drill once they receive the cash.

The offering will be held on April 20.

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