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