Deal Feed International Reports: Pershing Gold Raises US$10 Million in Private Placement
Pershing Gold Corporation announced it has raised US$10 million in gross proceeds through the sale of 35,178,572 shares of the Company's Common Stock, or about 9.9% of Pershing Gold's outstanding Common Stock following the transaction, to Levon Resources Ltd., and an additional 535,715 shares of Common Stock to an accredited investor. The Common Stock was sold for $0.28 per share. Aggregate net proceeds to Pershing Gold, after commissions and before expenses, totaled US$9.9 million. The private placement was completed on October 20, 2014.
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