Gunnar funding

Gunnar Gold Inc. reports it will raise $1,250,000 through a private placement agreement for the issuance of common shares and share purchase warrants, the latter entitling holders to acquire an equal number of shares on or before Aug 7, 1988.

Under the agreement, subscribers will subscribe for 827,815 shares of Gunnar at a price of $1.51 per share. The warrants will permit subscribers to purchase an additional 827,815 common shares at a price of $1.89 per share.