On February 22, 2006, U.S. Gold Corporation completed a private placement to purchasers resident in Canada, the US and other jurisdictions of subscription receipts for total gross proceeds of US$75.15 million. Part of the gross proceeds are being held in escrow pending satisfaction of certain release conditions. The subscription receipts entitle the holders to acquire units consisting of shares of common stock and share purchase warrants of U.S. Gold. U.S. Gold will be filing a prospectus in Canada and a registration statement in the United States to qualify the underlying securities.
U.S. Gold, a gold exploration company based in Denver and Toronto, holds a significant land position in the Cortez Trend in Nevada.
U.S. Gold was represented in Canada by Fraser Milner Casgrain LLP with a team that included Michael Melanson, Sander Grieve, James Clare, Nicole A. Brown, Meenu Khindri and Angela Scott; and in the US by Dufford & Brown, PC with a team that included David Babiarz, John Heronimus and Chris Hammond.
The agent for the offering, GMP Securities LP, was represented in Canada by Cassels Brock & Blackwell LLP with a team that included Norm Findlay, Chad Accursi and Patrick Gleeson, and in the US by Dorsey & Whitney LLP with a team that included Gil Cornblum, Bill Prince and Tricia Staible.
U.S. Gold, a gold exploration company based in Denver and Toronto, holds a significant land position in the Cortez Trend in Nevada.
U.S. Gold was represented in Canada by Fraser Milner Casgrain LLP with a team that included Michael Melanson, Sander Grieve, James Clare, Nicole A. Brown, Meenu Khindri and Angela Scott; and in the US by Dufford & Brown, PC with a team that included David Babiarz, John Heronimus and Chris Hammond.
The agent for the offering, GMP Securities LP, was represented in Canada by Cassels Brock & Blackwell LLP with a team that included Norm Findlay, Chad Accursi and Patrick Gleeson, and in the US by Dorsey & Whitney LLP with a team that included Gil Cornblum, Bill Prince and Tricia Staible.
