VEDRON GOLD INC
1/25/2007
Jan 25, 2007 (M2 PRESSWIRE via COMTEX News Network) --
Vedron Gold Inc (TSX-V: VG) had a solid day in the markets as shareholders witnessed their company's share value increase 10.77% following the exchange of 290,500 shares trading hands before the toll of the closing bell. The share price ranged $0.07 throughout the day, reaching a high of $0.72 and a low of $0.65 before settling on the high at day's end. PinnacleDigest recognizes the importance of the gold sector in the development of companies such as Vedron Gold. We decided to take a closer look at this volatile industry. To continue this read and find out why our client base continues to grow, come explore www.pinnacledigest.com.
Gold is usually an investment most sought after when the economy is showing signs of weakness. Because of this, the precious metal may continue to fall on speculation that the world's largest economy may be growing. It is well known that gold and the dollar move in opposite directions. Since growth in America's economy has started bringing momentum to the dollar, gold has dropped off in recent days. The question now is where does gold go from here?
Recently, representatives from Vedron Gold Inc. announced a financing in the amount of $5,000,000 gross proceeds consisting of up to $4,000,000 of flow-through units and up to $1,000,000 of hard dollar units. Each Flow-Through Unit will be offered at a price of $0.40 and will consist of one flow-through common share and one-half of one common share purchase warrant (each whole such share purchase warrant a "Warrant"). Each Hard Dollar Unit will be offered at a price of $0.40 and will consist of one common share and one Warrant. In addition, Vedron has granted the agent in the Offering an option to increase the size of the Offering by up to $500,000 through the issue of additional Flow-Through Units or Hard Dollar Units, which is exercisable by the agent in the Offering, in whole or in part, at any time until 24 hours prior to the date of closing. If the option is exercised in full the aggregate gross proceeds from the Offering will be $5,500,000. PinnacleDigest is interested to see what this latest news will mean for the company's shareholders in the long and short term. We will be watching Vedron Gold for any additional corporate developments. To continue this read and to follow up on Vedron Gold Inc. come explore www.pinnacledigest.com.
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