This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Veris Gold Corp. Announces Public Offering

Toronto Stock Exchange: VG

VANCOUVER, Aug. 8, 2013 /PRNewswire/ - Veris Gold Corp. ("Veris" or the "Company") (TSX: VG) (OTCQB: YNGFF) (Frankfurt Xetra Exchange: NG6A) is pleased to announce a marketed public offering of units (the " Units") and flow-through units (the " Flow-Through Units"). The offering of the Units and the Flow-Through Units is referred to herein as the "Offering."

Each Unit will be comprised of one common share of the Company (a " Unit Share") and one half of one common share purchase warrant (each whole warrant, a " Warrant"). Each Flow-Through Unit will be comprised of one common share of the Company, which qualifies as a "flow-through share" within the meaning of the Income Tax Act ( Canada) (the " Flow-Through Shares") and one half of one Warrant. Each whole Warrant shall entitle the holder thereof to acquire one common share of the Company (a " Warrant Share"), at an exercise price and exercise period to be determined in the context of the market. The pricing and number of Units and Flow-Through Units will be determined in the context of the Market.

The Offering will be conducted on a best efforts agency basis pursuant to an agency agreement to be entered into among the Company and a syndicate of agents led by Secutor Capital Management Corporation, such syndicate to include Global Hunter Securities LLC (collectively, the "Agents"). Global Hunter Securities LLC will offer the Units only in the United States.  The Company expects to close the Offering by August 15, 2013.

The Company intends to use the net proceeds of the Offering to complete the upgrade and refurbishment at its Jerritt Canyon mill operations, complete the development of the underground mine facilities at the Saval 4 property, fund the remaining bonding related to future reclamation obligations and for general working capital. Flow-Through proceeds will be used to further fund exploration activities at the Company's Ketza River property as it advances through the permitting phase.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs