Commodity Online
CGA Mining Ltd.(TSE:CGA) has announced that it has concluded the private placement of 14,815,000
ordinary shares and the CAD$20 million proceeds are to be utilized to supplement working capital in the initial months of production at the Masbate Gold Mine.

CGA Mining Ltd. is engaged in the mining and exploration of gold and other minerals.

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The CGA shares were sold at CAD$1.35/share & Haywood Securities Inc. the agent for the deal facilitated the placement deal marketing and received a 5.0% commission on gross proceeds for the same.

CGA Mining lost 4.55% at Toronto Stock Exchange while it was last traded at 1.47 on Friday. It touched a 52-week high of 1.8 and low of 0.6.