ACADIAN GOLD ANNOUNCES INCREASE IN FINANCING TO $20 million
Acadian Gold Corporation (ADA-TSX-V) (“Acadian Gold”) is pleased to announce that, due
to high market interest, it has agreed with Northern Securities Inc. (“Northern”) to increase the
size of the bought deal private placement financing originally announced on March 14, 2007.
Acadian Gold has agreed to increase the over-allotment option granted to Northern from 1.9
million units ($1,995,000) to 3.8 million units ($3,990,000), increasing the total offering
(“Offering”) from 17,150,000 units ($18,007,500) to 19,050,000 units ($20,002,500), including
the over-allotment. Each unit will consist of one common share of Acadian Gold (“Common
Share”) and one-half of one common share purchase warrant (“Warrant”). One whole Warrant
will entitle the holder to acquire one Common Share at $1.35 at any time until the date that is
eighteen months from the date of the closing.
All other terms of the Offering announced on March 14, 2007 in news release 08-07 remain
unchanged.
All of the securities issued in connection with the Offering will be subject to a four month hold
period from the date of issue.
The net proceeds of the Offering will be used to advance Acadian Gold’s zinc-lead mine (the
“Scotia Mine”) into production and for general corporate purposes.
The Offering is subject to receipt of all necessary approvals, including regulatory and stock
exchange approvals. The closing is expected to occur on or about March 30, 2007 (“Closing”).
For additional information on the Company’s properties and activities, please visit our web site at
http://www.acadiangold.ca. If you wish to be added to the Company’s e-mail or fax distribution list for
future news releases and updates, please contact us at phone: 902 444-7779, fax: 902 444-3296,
email: mail@acadiangold.ca.
FOR FURTHER INFORMATION, PLEASE CONTACT:
G. William Felderhof, President & CEO
or Terry F. Coughlan, Vice President
(902) 444-7779
Toll Free: 877-444-7774
mail@acadiangold.ca
Halifax, Nova Scotia
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this
release.
Die Kapitalerhöhung ist nun doch größer. Hoffen wir mal, daß es ab jetzt zügiger voran geht. Stichtag bleibt der 30.März.