Proceeds from a recent rights offering by Nelson Gold (NLG-T) are being used to repay a loan.
The purchase of four rights entitled holders to buy one share at 27cents.
The offering resulted in the issuance of 19 million new shares.
Those shares not picked up by shareholders will be purchased under agreement by Liverpool Limited Partnership and Westgate International, which already hold a combined 7.3 million shares.
Nelson expects to have raised $5.2 million as a result of the offering. Of that amount, US$3.6 will be used to repay a loan from those two companies.
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