Investors might have noticed that the Beauce Gold Fields has had a difficult time in the markets in the past week and that becomes apparent from the fact that its stock has tanked by as much as 10% during the period. While the stock has declined sharply, it might be the right time for investors to consider taking a look at the press release from Beauce Gold Fields (OTCMKTS:BGFGF) on Tuesday.
Trading Data
On Tuesday, BGFGF stock ended flat at $0.0896 with more than 10k, compared to its average volume of 2.5k shares. The stock has moved within a range of $0.0896 – 0.0896 after opening trade at $0.0896.
Beauce Gold Fields Private Placement Clarification
In the press release, the company noted that it had managed to closed the private placement of as many as 3120000 flow through units at $0.14 each to raise a total of $436800. In addition to that, the company also noted in a previous press release offered 833334 units for the price of $0.12 each to generate proceeds of as much as $100000.08.
The private placement was of a non-brokered nature. However, the numbers in relation to the second private placement were incorrect and yesterday Beauce Gold Fields sent out a correction. The company noted that it had actually offered a total of 1253334 units, which were priced at $0.12 each. The company managed to bring in gross proceeds to the tune of as much as $150400.08.
