VANCOUVER, July 7 /PRNewswire-FirstCall/ - Radius Gold Inc.
(TSXV: RDU) is pleased to announce that it has closed its
previously announced non-brokered private placement of $3.66 million by issuing 6.1 million units at
$0.60 per unit. Each unit consists of
one common share and one-half of a warrant, each whole warrant
entitling the holder to purchase one additional common share at
$0.75 exercisable for one year. The
Company also issued 199,250 common shares and 386,123 warrants as
finders' fees in connection with the financing. Each finder's fee
warrant entitles the holder to purchase one common share at
$0.75 exercisable for one year. All
of the shares and warrants have a resale restriction until
November 5, 2011.
About Radius
Radius has been exploring for gold in Latin America for nearly a decade, and has
assembled interests in a portfolio of promising gold projects
throughout the region, including carried stakes in two small-scale
developing gold projects in Guatemala and Nicaragua. Radius also has a number of 100%
owned exploration plays, including the HB property in Guatemala and several properties in the Rackla
Belt and Sixty Mile placer gold district in the Yukon.
ON BEHALF OF THE BOARD
"Simon Ridgway"
Simon Ridgway, President & CEO
Investor relations: Ralph Rushton / Erin Ostrom
Symbol: TSXV-RDU; OTCBB-RDUFF
Shares Issued: 86.5-million
Neither the TSX Venture Exchange nor the Investment Industry
Regulatory Organization of Canada
accepts responsibility for the adequacy or accuracy of this
release.
CONTACT: on Radius and its properties, please call toll free
1-888-627-9378 or visit our web site (www.radiusgold.com).
SOURCE Radius Gold Inc.
