Threegold Resources Inc.

Threegold Resources Inc.

July 06, 2012 17:30 ET

Threegold Announces Up to $800,000 Non-Brokered Private Placement

VAL-D'OR, QUÉBEC, CANADA--(Marketwire - July 6, 2012) - Threegold Resources Inc ("Threegold" or the "Company") (TSX VENTURE:THG) is pleased to announce a private placement of up to 13,333,333 units at a price of $0.06 per unit for total proceeds of CND$ 800,000 dollars. Each unit will consist of one common share and one half purchase warrant. Each warrant will be exercisable to purchase one common share of the company for 24 months, at a price of $0.10 per share.

The net proceeds from this private placement will be used for general working capital as well as for exploration on the properties of the company.

About Threegold

Threegold has established itself as one of the premier exploration companies in Québec. The Company has a highly qualified technical team with extensive exploration experience, including previous gold discoveries in Québec, and management 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 partnerships with the likes of Osisko Mining Corporation and Bowmore Exploration.

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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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