Savannah Gold closes private placement

April 10, 2017

On April 10, 2017, Savannah Gold Corp. closed an oversubscribed non-brokered private placement of units for aggregate gross proceeds of $600,000.

Each unit consists of one common share of the company and one-half of one transferable common share purchase warrant, with each warrant entitling the holder thereof to acquire one additional common share at a price of 40 cents until April 10, 2019, subject to acceleration.

Miller Thomson was counsel to Savannah Gold in this transaction with a team that included Rory Godinho and Brian Fast.