Transaction Announcement
A capital infusion for the growth of Windsor Gold March
22nd 2013 - Big Ben Venture Partner AB, a private advisory firm
announced today that the Windsor Gold Mining and Exploration Inc. is
entering a USD $20,000,000 Equity Line Funding.
WINDSOR GOLD MINING & EXPLORATION INCORPORATED (WINDSOR GOLD /
W.G.) plan to use the funds to purchase mining equipment to facilitate
the extraction and processing of gold from its mining leases in the
Cariboo region of British Columbia, Canada. Upon funding and arrival of
equipment, W.G. will immediately go into production.
The funding will also provide for continuing exploration and property
purchases, not only in British Columbia, but other suitably designated
regions of North America.
The funding structure is a three-year facility. The investor will
invest in particular in sectors including infrastructure,
manufacturing, construction, mining, communications, healthcare, energy
and finance.
WINDSOR GOLD’S President and CEO, ADRIAN LAPRISE commented:
"This funding agreement is very timely for the rapid expansion of our
projects. WINDSOR GOLD MINING & EXPLORATION INCORPORATED is very
pleased to partner with the investor, as we move forward not only with
our mining preparation work and subsequent delivery of further precious
metals to the marketplace, but also the Company’s Securities Exchange
listing.”
WINDSOR
GOLD holds a portfolio of properties in the Cariboo District in the
central interior of British Columbia - one of the highest gold
producing areas of Canada in history. With conservative estimates
exceeding 2 million ounces of gold produced from this region to date,
WINDSOR GOLD has a team of knowledgeable and extremely capable people
who will ensure that: 1) the company is managed and maintained in a
well organized, diligent and transparent manner, and 2) the Company’s
major asset of Canadian Creek and other assets are mined to their
potential, whilst protecting shareholders interests.
Big Ben Venture
Big Ben is a qualified partner with more than 20 years experience in
raising capital, with offices in Toronto, Stockholm, Winnipeg, and
Detroit.
The information contained herein is
for informational and discussion purposes only and is not intended to
be, nor shall it be, construed as legal, tax or investment advice or as
an offer, or the solicitation of any offer, to buy or sell any
securities. Before entering into any investment you should thoroughly
review the respective transaction documents with your legal, tax and
investment advisors.
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Windsor Gold
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$20,000,000
Equity Line Facility
Common stock
March 22, 2013
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Transaction
Overview
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- Windsor may,
at its sole and exclusive option, periodically sell to the investor
shares of its common stock, SEK 0.01 par value per share (the "Common
Stock") for a total purchase price of up to twenty million dollars
($20,000,000)
- For each
share of Common Stock purchased the investor will pay to the Company
seventy-five (75%) of the lowest daily volume weighted average price of
the Common Stock during the 15 consecutive trading days following
delivery by the Company of an advance notice. Such advance will not
exceed more than 250% of the average daily trading volume.
- Proceeds to
be used to purchase mining equipment and for additional flexibility to
fund the growth strategy
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