Radius Gold Inc.: Early Warning Report
February 07 2014 - 1:02PM
Marketwired
Radius Gold Inc.: Early Warning Report
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 7, 2014) -
Radius Gold Inc. (TSX-VENTURE:RDU)(OTCBB:RDUFF) announces that as a
result of its participation in a private placement in Medgold
Resources Corp. ("Medgold"), it has acquired for a purchase price
of $500,000 direct ownership of 5,000,000 units (the "Units") at a
price of $0.10 per Unit. Each Unit consists of one common share of
Medgold and one warrant to purchase an additional common share of
Medgold exercisable at a price of $0.15 per share for two years. As
a result of this transaction, and assuming the exercise of the
warrants in full, Radius Gold would own 10.0 million common shares,
which would represent 25.1% of the then issued and outstanding
common shares of Medgold. However, the warrants have a restriction
on exercise such that Radius may only exercise at any given time
the number of Warrants that will not result in Radius owning 20% or
more of Medgold's outstanding common shares
The shares were acquired by Radius for investment purposes, and
it may from time to time, directly or indirectly, acquire
additional securities of Medgold. Radius has filed on www.sedar.com
a report in accordance with NI 62-103, and a copy of the report may
be obtained by contacting Radius at the address noted below.
About Radius
Radius has been exploring for gold in Latin America for over a
decade. The Company has a strong treasury as a result of
exploration asset sales and is looking for joint venture or project
acquisition opportunities across the globe. Please call toll free
1-888-627-9378 or visit our web site (www.radiusgold.com) for more
information.
ON BEHALF OF THE BOARD
Simon Ridgway, President and CEO
Neither the
TSX Venture Exchange nor the Investment Industry Regulatory
Organization of Canada accepts responsibility for the adequacy or
accuracy of this release.
Forward-Looking Statement
Some of the
statements in this news release contain forward-looking information
that involves inherent risk and uncertainty affecting the business
of Radius Gold Inc. Actual results may differ materially from those
currently anticipated in such statement.
Radius Gold Inc.Simon Ridgway604-801-5432 or Toll Free
1-888-627-9378604-662-8829info@goldgroup.comwww.radiusgold.com
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