VAL-D'OR, QUÉBEC--(Marketwire - March 1, 2013) - Threegold Resources Inc. (TSX VENTURE:THG) ("Threegold" or the "Corporation") is pleased to announce a non-brokered private placement of units (each a "unit") of up to $450,000. Each Unit is comprised of one (1) common share of the Corporation at a price 0.05 cents and one half of one common share purchase warrant, each whole warrant entitling the holder to purchase one (1) additional common share of the Corporation at a price of $0.10 for a period of two (2) years following closing. One insider, the president and CEO Victor Goncalves, will participate for 1,000,000 units.
In connection with the private placement, up to 7% finder's fee may be paid on a portion or all of the funds raised.
In accordance with applicable securities legislation, all securities issued in connection with this private placement will be subject to a four (4) month and one (1) day hold period following closing.
The net proceeds from this private placement will be used for general working capital and for the ongoing exploration in Québec as well as securing other ventures the Corporation intends on pursuing.
Victor Goncalves, President and CEO of Threegold Resources Inc: stated "We are confident of our business model and will continue to build shareholder value, of which I am certainly one of them".
Threegold has established itself as one of the premier exploration companies in Québec. The Corporation has a highly qualified technical team with extensive exploration experience, including previous gold discoveries in Québec, and a management team with financing and public company expertise.
Threegold offers investors a portfolio of high-quality exploration projects focussing on Canadian assets primarily in Québec; and the potential to create shareholder wealth through discoveries of new, low-cost multi-million ounce gold deposits.
Threegold's strategy is to mitigate shareholder risk through quality partnerships with the likes of Bowmore Exploration.
You can also visit our website: www.threegold.ca.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release
Except for statements of historical facts, all statements in this news release regarding, without limitation, new project acquisitions, future plans and objectives are forward-looking statement which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements.