California Gold Corp. (CLGL) Secures Financing to Fund Acquisition
California Gold Corp. issued a financial and operational update on the company’s activities, including recent financing activity and a potential acquisition target. California Gold Corp. reported that the company has received the proceeds of a private placement offering sold to a select group of accredited institutional investors. The company sold 58.48 million units at a price of $0.025 per unit in two separate tranches, yielding approximately $1.46 million in proceeds. California Gold Corp. said that the 36.48 million units consisted of one share of common stock and a warrant to purchase 0.5 shares of common stock at a price of…