Nevada King Gold closes C$16.3 million private placement, Centerra buys 9.9% stake

Carlyle Group Inc
Nuveen Georgia Quality Municipal Income Fund of Benef Interest

Carlyle Group Inc

CG

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Nuveen Georgia Quality Municipal Income Fund of Benef Interest

NKG

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  • Nevada King Gold closed a non-brokered private placement, issuing 77,739,774 common shares at C$ 0.21 each for gross proceeds of about C$ 16.3 million.
  • Centerra Gold bought 49,681,622 shares for about C$ 10.4 million, taking a 9.9% stake post-financing.
  • Chairman Collin Kettell bought 12,688,384 shares; major shareholder Michael Parker bought 15,389,768 shares to maintain pro-rata positions.
  • Net proceeds earmarked for exploration at Atlanta Gold Mine Project, with additional funds for working capital.
  • Company disclosed 501,834,570 shares outstanding, outlining a potential 5-for-1 share consolidation subject to approvals.


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