Da werden mal kurz 10% Shares zu C$3.44 neu rausgehauen und der Kurs steigt auf nunmehr $4.00+ ??? p&d at its best imo .. da bin ich doch auch immer gern dabei ... short atm. twt
http://www.keeganresources.com…eases.asp?ReportID=552399
Vancouver, British Columbia, October 15, 2012: Keegan Resources Inc. (TSX and NYSE MKT: KGN - "Keegan" or the "Company")
is pleased to announce that it has arranged a private placement with
Highland Park S.A. ("Highland Park") of Johannesburg, South Africa and
some other investors. Highland Park will become a major strategic
investor in the Company but is not expected to materially affect
control. The placement will involve an equity issue of a targeted
9,443,500 Units at C$3.44 per Unit, the five-day volume weighted average
market price based on the date of signing of the principle subscription
agreement, resulting in a targeted total of $32.5 million raised. The
placement will further enhance the Company's already strong financial
position and will provide access to Highland Park's substantial resource
management skills. The funds from the placement will enable Keegan to
fast track the Company's flagship Esaase gold project in Ghana and
emerge as a significant gold producer.
..
The financing will include the issuance of up to 9,443,500 Units at
C$3.44 per Unit, the five-day volume weighted average market price based
on the date of signing of the subscription agreement, resulting in a
total of $32.5 million raised. Each Unit will consist of one Common
Share of the Company as well as one Warrant to purchase a Common Share
in the Company for a period of two years at a price of $4.00 per share.
Should the Company's share price trade at a price of greater than $6.00
per share for a period of twenty consecutive trading days, the Company
will have a right to accelerate the exercise period of the Warrants to
30 days. Exercise of the Warrants would raise an additional $37.8
million. The private placement will result in Highland Park securing an
initial 9.6% ownership of the Company with the Warrant providing an
opportunity to increase their ownership to 17.3% assuming no intervening
additional share issuances. Highland Park will become a strategic
partner and the single largest shareholder in Keegan. The placement is
not expected to materially affect control given the size of the other
institutional shareholdings.