Spot the trend?  No warrants attached to any of the last financings.  In the highly risky speculative sector such as the junior explorers, many companies have been struggling to find money.  Warrants are usually required to entice enough institutions/retail investors to accept the risk involved.  When a junior explorer can get financing without having to add warrants it means that the company has something good on their hands and people are lined up to subcribe to the private placement.  The last 2 private placements were aprroximately 90% filled by institutions.  I was also informed that that the majority of the institutions that participated in the 1st one also participated in the next one and that it was very quick and eay to find the buyers for it.  I am pretty sure that this will be the case for this private placement.  The closing date is soon and some of the same brokerages are acting as agents again.  Toll Cross has been our biggest buyer for over the past year and they seem to also like to be agents for ROG's financings.

There is also a $1.5 million President's list.  I wouldn't be surprised to see management participate.

Roxgold Inc. Announces $10 Million Brokered Private Placement

 Roxgold Inc. Announces $10 Million Brokered Private Placement

TORONTO, ONTARIO--(Marketwire - Jan. 29, 2013) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES.

Roxgold Inc. (TSX VENTURE:ROG) (the "Company") is pleased to announce a brokered private placement of common shares ("Common Shares") through a syndicate of agents to be co-led by Toll Cross Securities Inc. and Jennings Capital Inc., and including GMP Securities L.P., and Raymond James Limited (together, the "Agents"), in which the Agents will raise up to approximately $10 million on a best efforts basis (the "Offering") at a price of $0.70 per Common Share (the "Offering"). The Agents will also have the option to increase the size of the Offering by an additional 15% at any time up to 24 hours prior to the closing date. The Company has agreed to pay the Agents a cash commission equal to 6.0% of the gross proceeds of the Offering excluding up to $1.5 million of president's list orders.

The Offering is scheduled to close on or about February 7, 2013 and is subject to certain conditions including, but not limited to, completion of satisfactory due diligence investigations and receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

The net proceeds of the Offering will be used for continued exploration of the Company's Burkina Faso properties and for general working capital purposes.

 

 

 
Mar 15, 2012

Roxgold 14-million-share private placement

VANCOUVER, BC (March 15, 2012) Roxgold Inc. ("the Company") TSX-V: ROG.

The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced Feb. 9, 2012.

Shares: 14 million shares

Purchase price: $1.85 per share

Placees: 20 placees

Agents' fees: Underwritten by a syndicate led by Cormark Securities Inc., and including GMP Securities LP, RBC Dominion Securities Inc., Fraser Mackenzie Ltd., PI Financial Corp., Pope & Company Ltd., Toll Cross Securities Inc. and Raymond James Ltd. A cash commission of $1,554,000 was paid.
Feb 28, 2012

Roxgold Announces Closing of $25.9 Million Brokered Private Placement

VANCOUVER, BC (February 28, 2012) Roxgold Inc. ("the Company") TSX-V: ROG, further to its press release of Feb. 9, 2012, has completed its bought-deal private-placement offering of common shares of the company pursuant to an underwriting agreement dated Feb. 28, 2012, between Roxgold and a syndicate of underwriters led by Cormark Securities Inc., and including GMP Securities LP, RBC Dominion Securities Inc., Fraser Mackenzie Ltd., PI Financial Corp., Pope & Company Ltd., Toll Cross Securities Inc. and Raymond James Ltd. Pursuant to the offering, Roxgold sold a total of 14 million common shares at a price of $1.85 per common share for total gross proceeds of $25.9-million.

In consideration of the services rendered by the underwriters in connection with the offering, the underwriters received from Roxgold a cash fee equal to 6.0 per cent of the gross proceeds of the offering.

The net proceeds of the offering will be used for continued exploration of the company's Burkina Faso mineral properties and for general working capital purposes.

All of the securities of Roxgold issued under the offering are subject to a hold period which will expire on June 28, 2012, in accordance with applicable Canadian securities laws.
 
Feb 09, 2012

Roxgold Inc. Announces $18.5 Million Bought Deal Private Placement

February 9, 2012 Toronto, Ontario -- Roxgold Inc. ("Roxgold" or the "Company") (TSX.V: ROG) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Cormark Securities Inc. and including GMP Securities L.P., RBC Capital Markets, Fraser Mackenzie Limited, PI Financial Corp., Pope & Company Limited, and Toll Cross Securities Inc. (collectively the "Underwriters") pursuant to which the Underwriters have agreed to purchase 10,000,000 common shares ("Common Shares") of the Company on a bought deal private placement basis at a price of $1.85 per Common Share.

The Company will pay the Underwriters a cash commission equal to 6.0% of the gross proceeds of the offering.

The offering is scheduled to close on or about February 28, 2012 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange.

The net proceeds of the offering will be used for continued exploration of the Company's Burkina Faso properties and for general working capital purposes