After the close on December 2nd, Energold (EGD: Canada) announced that it had applied for a “bought deal” financing with a syndicate of underwriters to rise CAD $15 million. The terms is usually a unit at $3.70 using a 2 year half warrant at $4.50 that is callable at $5.25. I had no idea that associated with financing was imminent and was shocked to hear about it. After you have spent awhile thinking it over, I need to talk of what this method for the venture. In particular, I want to talk about “bought deal” financings.

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