NetworkNewsBreaks – U.S. Gold Corp. (NASDAQ: USAU) Announces $2M Registered Direct Offering
U.S. Gold (NASDAQ: USAU) on Monday announced its entry into a securities purchase agreement with certain institutional investors, providing for the purchase and sale of 357,143 shares of common stock, each at a price of $5.60, in a registered direct offering, resulting in total gross proceeds of $2.0 million. According to the update, U.S. Gold also agreed to issue unregistered warrants to the investors in a concurrent private placement to purchase up to 1 share of common stock for each share of common stock purchased with an exercise price of $7.00 per share. The warrants will be exercisable six months…







