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News: GRY Teranga Gold announces 5 pct equity investment in Gryphon Minerals

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    20/07/16
    09:40
    Post #: 18313756

    July 19 (Reuters) - Teranga Gold Corp TGZ.TO :

    • As a result of placement, Teranga owns approximately 5 percent of Gryphon's issued shares
    • Teranga Gold announces 5% equity investment in Gryphon Minerals
    • Subscribed for 21.2 million ordinary shares of Gryphon for total consideration of approximately a $4.4 million (US$3.4 million)
    • Placement price of a $0.206 per Gryphon share
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